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Graham Norton's So TV bought by ITV Studios

Graham Norton's So TV bought by ITV Studios
News
Staff Reporter
03 September 2012

ITV has acquired So Television, the independent production company behind The Graham Norton Show and The Sarah Millican Television Programme.

ITV Studios will pay an upfront cash consideration of £10m, with a further cash payment contingent on So Television’s profit performance to 31 July 2016. The maximum total payable is £17m.

The acquisition fits with ITV’s five year plan which is looking to the organisation’s production arm to help increase company profit.

So Television, set up by Graham Norton and Graham Stuart 12 years ago, focuses on comedy and entertainment shows, factual entertainment and drama.

Earlier this year the BBC recommissioned The Graham Norton Show through to 2014. The series is also distributed internationally and is broadcast in 100 other countries, including in peak time on Channel Ten in Australia. The Sarah Millican Television Programme has been recommissioned by BBC Two for a second run, starting with a Christmas special. So Television also produces panel show Alexander Armstrong’s Big Ask for Dave, which was recommissioned earlier this year.

"So Television is known for its creative rigour and intense quality-control across its programming,” says Denise O'Donoghue, managing director, ITV Studios UK.   "Its programming presence on other channels is strategically terrific for ITV Studios, which has increased its output this year with new shows across the BBC, Channel 4 and Sky. I am really looking forward to having So as part of ITV Studios, working with Graham Stuart and his team to add even more value to this dynamic and successful production company."

Kevin Lygo, managing director of ITV Studios said: "I believe that ITV Studios can bring scale to their ambitions and together we can continue to keep The Graham Norton Show at the top of its game and increase the amount of new programming in their production slate."

Graham Stuart added: "Now we have the chance to achieve what we've always wanted to in this industry but with real strength and inspiration behind us."




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