Banijay Halts Russian Business Following Ukraine Invasion – The Hollywood Reporter

Banijay, the European TV big whose operations span some 22 territories, has joined the rising numbers of firms saying that they’re ceasing enterprise exercise with Russia in mild of the invasion of Ukraine.

The firm, among the many world’s largest TV producers after its acquisition of the Endemol Shine Group in 2020, put out a press release Thursday saying that it might pause any dealings with Russia, together with any new TV gross sales or licensing agreements.

“We are utterly saddened by the horrendous situation in Ukraine and our thoughts go to all those affected,” it stated. “As a vast global content production and distribution business, we, like most of the industry, have long historically had deals in-place across Russia. However, in light of recent events, we have taken the decision not to activate any new agreements in the region relating to production, distribution (sales and licensing) and general commercial matters, thereby freezing our activity there until further notice.”

Earlier this week BBC Studios, All3Media, ITV Studios and Fremantle all introduced that they have been placing commerce with Russia on maintain in response to the scenario in Ukraine, which has now skilled per week of unrest and destruction following the invasion. The strikes adopted an urge by U.Ok. commerce physique Pact for all its members — which embody some 700 U.Ok. manufacturing firms — to halt any dealings or cooperation with Russia.

The bulletins got here in the course of the week of the London Screenings, through which all the foremost European distributors have been showcasing their newest initiatives to worldwide patrons.

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