(AOF) – Xilam Animation recorded 20.6 million euros in operating income in the first half, up 7%. The turnover, excluding subsidies, of the animation program production and distribution company jumped 25% to 17.66 million euros, supported by the jump of 44% to 13.95 million euros in revenue from new productions and developments. Subsidies fell by 33% and amounted to 2.3 million, taking into account the drop in proprietary production activity in favor of the service activity.
For the same reasons, the audiovisual tax credit is down 38% and amounts to 0.6 million euros.
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Sector analysis Communication and Media
French players well positioned in audiovisual production
Among the independent players, the Frenchman Banijay is the world leader with an expected turnover of 3 billion euros in 2022 in a market which represents 100 billion in revenue. Mediawan (backed by the KKR fund), whose turnover amounts to 1 billion euros, is the other main French player in the sector. The market is still very fragmented because according to the European Audiovisual Observatory, the top twenty production groups were responsible for only 38% of titles created in 2020. However, experts believe that the sector has entered a phase consolidation. Thus Banijay’s stock market listing aims to enable it to better participate in this movement.