ITV has stated that it’s “actively exploring” a possible £1B ($1.3B) deal to amass All3Media, the UK super-producer behind The Traitors.
In a press release 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 stated a take care of All3Media’s mum or dad firms Warner Bros. Discovery and Liberty Global was “no certainty.” It added: “A further announcement will be made if and when appropriate.”
ITV has grown its manufacturing arm, ITV Studios, into one of the crucial highly effective content material creators on the planet over the previous decade. All3Media would signify its greatest acquisition to this point and it might appeal to the eye of competitors authorities.
Deadline understands that Banijay is probably going to check out All3Media, whereas the corporate might additionally appeal to curiosity from RTL-owned Fremantle, which has been actively buying lately.
The Daily Telegraph first revealed final month that Warner Bros. Discovery and Liberty Global have engaged bankers at JP Morgan to conduct an public sale for All3Media.
The firm 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 Game: The Challenge.
All3Media has been below Discovery and Liberty Global’s management for practically a decade after promoting to the U.S. media giants for £500M in 2004. Discovery merged with Warner Bros. final 12 months.
All3Media revenues rose 32% to a file £867M in 2021, in response to accounts filed on the UK’s Companies House. Its earnings earlier than curiosity, taxes, and depreciation stood at £84M.