Banijay has signed an agreement to acquire a majority stake in live entertainment player Balich Wonder Studio. Founded in 2013, Milan-based Balich is credited for the organization of the highest nu…
Founded in 2013, Milan-based Balich is credited for the organization of the highest number of Olympic Games Ceremonies in the world and other events including the 2022 Qatar FIFA World Cup; Pan American Games ceremonies in Perù 2019 and Chile 2023; 2016 Rio Olympic Games ceremonies; and 2014 Sochi Olympic Games closing and Paralympic Games ceremonies.
The live entertainment group has also been involved in several public destination developments, creating resident and water shows, immersive experiences and landmark icons like the symbol of World Expo – the Tree of Life, and the Whale Shark, a 30-meter symbol suspended in Doha in 2022 to represent the country’s focus on preserving its natural environment. It has offices in Europe and the Middle East.
Balich Wonder Studio posted revenues of €315 million in 2022. The company’s leadership team includes founders Marco Balich, Gianmaria Serra and Simone Merico, the CEO Stefano Core and Carolina Dotti and Valentina Saluzzi, partner and luxury experts., CEO, Banijay, said: “Complementary to us in its ambition and entrepreneurialism, Balich has risen to be top of its game in the live-event space, and via this acquisition, there is huge potential for further pioneering growth.
Marco Balich, chair, Balich Wonder Studio, added: “We are glad that a world-class player like Banijay has chosen a committed creative team with the ambition to become the world’s most prestigious live entertainment group. Together we feel empowered to accelerate this journey. We share the passion for creativity, the ability to create exceptional content and spread emotions, culture, and beauty as pillars for a better world.
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