RedBird IMI has now completed its acquisition of super indie All3Media from its joint owners, Warner Bros. Discovery and Liberty Global.
The deal was announced back in February and has now been approved by regulators in the US, UK and Germany. At £1.15 Billion, this was RedBird IMI’s largest completed transaction to date.
Jeff Zucker, the CEO of RedBird IMI, has become the chairman of the All3Media board. All3Media’s CEO Jane Turton and COO Sara Geater will continue to lead All3Media for RedBird IMI.
All3Media has 50 production labels, including Studio Lambert, Raw, Two Brothers Pictures, Silverback Films, New Pictures and Neal Street Productions, producing global shows including 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 companies stretch 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 catalogue of over 30,000 hours.
RedBird IMI launched just over a year ago, with the goal of building a global media company. This is the fifth completed investment for RedBird IMI, and its largest to-date. Its investments include the Los Angeles-based scripted production company Media Res, the unscripted production company EverWonder Studios, the children’s entertainment company Hidden Pigeon Company and the digital news outlet Front Office Sports.
RedBird IMI is a joint venture between RedBird Capital Partners, a New York based private-equity firm founded and led by Gerry Cardinale, and International Media Investments (IMI), a global media company based in Abu Dhabi.
RedBird Advisors acted as financial advisor to RedBird IMI and RedBird Capital Partners, and Gibson, Dunn & Crutcher LLP acted as its legal advisor. JP Morgan acted as financial advisor to Warner Bros. Discovery and Liberty Global, and DLA Piper acted as their legal advisor.
Jon Creamer
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