Big Brother maker Endemol secures support from lenders to restructure debt

Big Brother maker Endemol has been close to finanical ruin for some time now. It’s currently sitting on $4.1 billion in debt for which it does not have the cash flow to service. Lenders have been giving it extensions on loan payback with the hope that some deal between Endemol’s shareholders and Lenders could be made.

Finncial Times has reported that a deal has been made between a majority of the lenders and the shareholders to effectively reduce Endemol’s debt by 80%. Ultimately this means Endemols 3 main shareholders who own 1/3 of the company each will dilute their majority control to a sub 50% stake, this in turn temporarily saves the company.

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Big Brother 2012 Producer Endemol debt reaches 4 Billion, Time Warner take over bid Rejected

As far as I see it the biggest threat to BIG BROTHER 14 being un-watchable this year is either A) JJBR coming back (Jeff, Jordan, Brendon and Rachel) or B) Endemol producer of the franchise going bankrupt.

Dutch media giant and Big Brother producer Edermol is financially kaput and has been seeking a partner to pony up the cash needed to pay it’s creditors and restructure it’s massive debt. It was reported in 2010 that the company was $3 billion dollars in debt. As of 2011, the debt had grown to $4.1 billion. The largely used leveraged loans now weigh heavily on the company essentially putting it in crisis mode.

So what is Endemol and how can this affect BIG BROTHER 2012?

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Big Brother 13 headlines

Big Brother 13 Headlines – Weekly News Recap from the Internets (2011-05-01)

Still 3 Open casting calls remaining for all you BIG BROTHER 13 hopefuls.

“Waterford Park – Great Lawn”
Weds, May 4th 5-8PM 129 East River Rd. Louisville, KY 40202
Google Maps

“McFadden’s Restaurant and Saloon”
Friday, May 6th, 5–9PM 134 2nd Ave. N. Nashville, TN 37201

“Mad River Bar & Grille”
Saturday, May 7th 1-4PM 32 North Market St. Charleston, SC. 29401
Maps to these locations are available on the BB13 Casting Calendar

Another week closer to Big Brother is a good week with just over 2 months to go the excitement for our favorite Reality TV show is building. Some early rumors of “leaked” houseguests have been confirmed Bull shit by BB13 Casting

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