British buy Lions

Festivals The British publishing house Emap is taking over the international advertising festival in Cannes for 52 million pounds and integrating it into the Communications division, which includes the industry magazines Shots, Screen International, Broadcast and Media & Marketing Europe. According to a press release, this will create a new, significant vertical B2B market with an annual turnover of 30 million pounds. It is not known whether and in what form the previous owner and Chairman Roger Hatchuel (71) will remain involved with Cannes Lions.