ITV has held early talks with the Abu Dhabi-backed funding group RedBird IMI, led by CEO Jeff Zucker, a couple of potential merger of their manufacturing companies, in accordance with a report.
Citing two individuals with “data of the scenario,” Reuters claimed that the discussions had centered on merging ITV Studios with All3Media, which RedBird IMI acquired for $1.45 billion final yr.
The sources — who spoke on situation of anonymity — stated one route could be for ITV to merge ITV Studios with All3Media, with each RedBird IMI and ITV holding stakes within the new entity. Nevertheless, they stated the talks have been nonetheless at an early stage and “might not result in any transaction.”
A unload of ITV Studios — which in 2023 made up simply over half of ITV’s whole group revenues — has been rumored for a while, with Mediawan and All3Media understood to be the important thing events .
A mixed ITV Studios and All3Media — whose greater than 50 labels produce exhibits resembling “The Traitors” and “Peaky Blinders” (together with the upcoming function spin-off) — could be one of many largest manufacturing firms in Europe, with revenues of virtually $4 billion going off 2023 figures.
Simply two years in the past, earlier than RedBird IMI’s acquisition, it was ITV that had been seeking to purchase All3Media from Warner Bros. Discovery and Liberty World in a deal estimated to be price round $1.3 billion. Nevertheless, in July of that yr CEO Carlolyn McCall issued an announcement to the inventory market saying it was “now not actively exploring the doable acquisition” of the manufacturing big.
Each All3Media and ITV declined to touch upon the studies.
