After almost three years Endemol closes an interminable agreement on the restructuring of 2,5 billion in debt and is preparing to open the new phase which in all likelihood will see it end up in the orbit of Rupert Murdoch. The Dutch group, acquired in 2007 by Mediaset, Goldman Sachs and John de Mol, reached an agreement with the majority of creditors in the summer – according to the documents consulted by Radiocor – which will lead the latter to control the operational activities collected in Endemol Holding B.V. Precisely the heavy debt situation, at the end of December the exposure to lenders remained at 2,44 billion, was the basis of the differences between the shareholders and of the exit from the Mediaset group during 2012.
In the last financial year, revenues amounted to 1,26 billion, substantially stable compared to 1,28 in 2012, but the gross margin fell to 143,2 million (from 192,8). However, the losses have halved to around 17 million. However, attention is entirely focused on the short-term future and above all on the operation, given by the indiscretions in the pipeline, which will bring Endemol closer to the 21st Century Fox group. In fact, since the spring the Murdoch group and the Apollo fund (first post-conversion shareholder of Endemol) have been in talks for a maxi-three-way integration in the television production sector: the alliance should involve Shine (21st Century group), Core (subsidiary of Apollo) and Endemol itself. Furthermore, in the coming weeks the rumors speak of a change at the helm of the Big Brother company with the arrival of a new CEO. The Dutch company consulted declines any comment.
