ITV PLC has said in a statement that is not currently pursuing an acquisition of All3Media.
Back in June, ITV confirmed that it was looking into a possible buyout of the superindie owned by Warner Bros Discovery and Liberty Global.
However. a statement released today says that “further to its announcement on 16 June 2023, ITV plc confirms it continues to monitor but is no longer actively exploring the possible acquisition of All3Media. ITV plc assesses all potential value-creating M&A opportunities against its strict financial criteria and disciplined capital allocation framework.”
All3Media currently houses 50 production companies and labels across the UK, US, Germany, the Netherlands, Belgium and New Zealand that produce more than 4,000 hours annually.
Group companies include Studio Lambert, RAW, Silverback and Company Pictures along with distribution arm, All3Media International.
Content includes global hit format The Traitors, sold to 20 territories to date; landmark natural history series Wild Isles, presented by Sir David Attenborough, and The Mating Game; multi-award winning format Gogglebox; BBC drama The Tourist; makeover series Sort Your Life Out; popular quiz show Lingo as well as Oscar award winning film 1917; cult comedy Fleabag; the UK’s top-selling drama series Midsomer Murders; and globally successful period drama Call the Midwife.
All3Media had its biggest revenue year ever in 2021 with £866.6million.
Jon Creamer
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