WBD - RedBird IMI to Acquire Global Production Company All3Media | Benzinga
NEW YORK, Feb. 16, 2024 (GLOBE NEWSWIRE) -- RedBird IMI today announced that it has agreed to acquire All3Media, one of the world's leading independent television production and distribution companies, from its joint owners, Warner Bros. Discovery, Inc. (NASDAQ:WBD) and Liberty Global Ltd. (NASDAQ:LBTYA, LBTYB and LBTYK)) for £1.15 Billion. RedBird IMI is a joint venture between RedBird Capital Partners and International Media Investments focused on building high-growth companies in media, entertainment and sports.
All3Media, based in London, has 50 production labels, including Studio Lambert, Raw, Two Brothers Pictures, Silverback Films, New Pictures and Neal Street Productions, producing top global shows such as The Traitors, Squid Game: The Challenge, Gold Rush, Midsomer Murders, American Nightmare, The Circle, Call the Midwife, The Tourist, Life On Our Planet, The Long Shadow and Gogglebox. All3Media's library spans all genres, including contemporary thrillers, detective series, soap operas, comedy, costume drama and true crime as well as documentary, features, children's and reality programming. The Group's companies have global presence, across the UK, US, Germany, the Netherlands, Belgium and New Zealand and produce 4,000 hours annually for linear broadcasters, VOD, social media and other digital platforms. All3Media International operates a distribution catalog of over 30,000 hours, while the Group's digital business, Little Dot Studios, drives audiences in social video, podcast, and branded content across multiple platforms.
Jeff Zucker, the CEO of RedBird IMI, will become the chairman of the All3Media board. Jane Turton (CEO) and Sara Geater (COO) will continue to lead the company for RedBird IMI.
"All3Media is one of the world's great content companies, and this gives us an incredible platform to continue to grow our expanding portfolio," said Jeff Zucker, the CEO of RedBird IMI. "The demand for new shows and ongoing ...