PARIS--(BUSINESS WIRE)--Regulatory News:
Mediawan (Ticker: MDW - ISIN: FR0013247137), an independent European audiovisual content platform, announces that its Supervisory Board, during its meeting dated 25 September 2017, has unanimously appointed Mr Pierre Lescure as President of the Supervisory Board and Mrs Jacaranda Caraccciolo has independent member of the Supervisory Board.
These appointments occurred pursuant the death of Pierre Bergé, member and President of the Supervisory Board on 8 September 2017.
Mr Pierre Lescure, radio and TV journalist is a French businessman. Co-founder of Canal + SA, he held office as its CEO for 8 years and is President of the Festival de Cannes since 2014.
Madame Jacaranda Caracciolo is an Italian businesswoman performing in the media area, particularly via the GEDI group, a major press and radio contributor in Italy. She is appointed as temporary and independent Supervisory Board member. This cooption will have to be approved during the next ordinary general meeting.
Pierre-Antoine Capton, Mediawan’s Chairman states: “The Supervisory Board wanted to pay a special tribute to Pierre Bergé, a man of creation, vision and passion, and to thank him for practicing his office with the commitment and independence that characterized him. The Supervisory Board members are also pleased to welcome a new international profile, a well-known figure among the European press and the media area, as an independent member of the Supervisory Board.”
Mediawan was incorporated in December 2015 as a Special Purpose Acquisition Company (SPAC) for the purpose of acquiring one or more operating businesses or companies in the traditional and digital media content and entertainment industries in Europe. The Company was formed by Pierre- Antoine Capton, Xavier Niel and Matthieu Pigasse, and raised €250 million in April 2016 from an initial public offering on the regulated market of Euronext Paris.
In March 2017, Mediawan acquired Groupe AB and became present in the content and media industries. Founded in 1977, Groupe AB is a leading independent editor, producer and distributor of audiovisual content in French-speaking Europe. It is primarily involved in producing and distributing series, television movies, cartoons and documentaries and in editing TV channels and bundled digital services. The group has a portfolio of 19 channels, widely distributed in French-speaking Europe and Africa. Groupe AB is one of the largest and most diversified content managers in France, with about 12,000 hours of programming in library and internal production of about 80 hours per year. In 2016, Groupe AB achieved adjusted revenues and EBITDA of, respectively, €160m and €37m.