Clap of the start in Cannes! This May 17, first rise in the markets, first star, first gossip … and first negotiation on the business side! The festival is also the gathering of major players in the sector: directors, screenwriters, stars and tenors of world production. All are at the rendezvous, backstage or on the Albane Cleret’s famous lounge terrace.
This year, envoys of large global investment funds will also be many to wear a tuxedo. Every investor has his chunk onhobbies? The sector is in turmoil. The announcement, on May 10, of the upcoming IPO of Stéphane Courbit – Banijay’s entertainment hubs in content; Betclic in sports betting – under the umbrella of Spac Pegasus Entrepreneurs, describes the growing appetite in the sector. Pegasus was created in 2021 by Tikehau Capital and Financière Agache (Bernard Arnault, shareholder of Challenges). Also supported by the cream of European business (John Elkann, Marc Ladreit de Lacharrière, Rodolphe Saadé, etc.), the two entities will soon unite within FL Entertainment, then merge with Pegasus Entrepreneurs, with the goal of being listed in Paris Stock Exchange. Amsterdam at 1eh next July. The total should show a market capitalization of 4.1 billion for a company worth 7.1 billion.