The Banijay-All3Media merger is a significant development in the television industry, marking the creation of the largest independent production group. This move, while financially strategic, raises questions about the future of television production and the role of independent producers. The author, reflecting on their own journey with Brighter Pictures, explores the evolution of the industry, from the acquisition by Endemol in 2001 to the current consolidation phase. The key challenge, according to the author, is not just about scale but about creating a more direct and lasting relationship with audiences. This involves moving beyond traditional commissioning models and developing skills in digital publishing, creator-led content, and live entertainment. The author highlights the importance of Little Dot Studios, which brings expertise in digital publishing and audience development, as a potential catalyst for growth. However, the author also warns that simply assembling larger production companies will not secure the next stage of growth. The industry must focus on creating more ways to build businesses around intellectual property, leveraging digital platforms and direct audience relationships. This shift in focus from traditional television to a broader entertainment business is a critical aspect of the industry's future. The author concludes that the Banijay-All3Media merger could be the last great 'super-indie' in its current form, emphasizing the need for the industry to think and operate beyond traditional television production to sustain its success and maintain a direct connection with audiences.