[ad_1]
ITV has mentioned that it’s “actively exploring” a possible £1B ($1.3B) deal to amass All3Media, the UK super-producer behind The Traitors.
In an announcement to shareholders on Friday morning, ITV responded to a Reuters report in a single day, making clear that Britain’s greatest ad-funded broadcaster was a contender to purchase All3Media.
ITV mentioned a take care of All3Media’s mother or father corporations Warner Bros. Discovery and Liberty World was “no certainty.” It added: “An extra announcement shall be made if and when acceptable.”
ITV has grown its manufacturing arm, ITV Studios, into one of the vital highly effective content material creators on the earth over the previous decade. All3Media would signify its greatest acquisition up to now and it might entice the eye of competitors authorities.
Deadline understands that Banijay is probably going to try All3Media, whereas the corporate might additionally entice curiosity from RTL-owned Fremantle, which has been actively buying lately.
The Each day Telegraph first revealed final month that Warner Bros. Discovery and Liberty World have engaged bankers at JP Morgan to conduct an public sale for All3Media.
The corporate is without doubt one of the UK’s most prestigious manufacturing teams, boasting round 50 manufacturing labels that make exhibits together with Fleabag, The Tinder Swindler and upcoming Netflix present Squid Sport: The Problem.
All3Media has been beneath Discovery and Liberty World’s management for practically a decade after promoting to the U.S. media giants for £500M in 2004. Discovery merged with Warner Bros. final yr.
All3Media revenues rose 32% to a document £867M in 2021, in keeping with accounts filed on the UK’s Corporations Home. Its earnings earlier than curiosity, taxes, and depreciation stood at £84M.
[ad_2]
Source link