Super-indie All3Media is for sale, according to reports.
The London-based independent television producer, responsible for shows such as ‘Fleabag’, ‘The Traitors’ and Jamie Dornan starring ‘The Tourist’, is being put up for sale by owners Liberty Global and Warner Bros Discovery, The Telegraph reports. The newspaper said JP Morgan has been “called to hold an auction”, but plans could still change given the difficult market conditions.
If it goes ahead, sales could raise more than £1 billion ($1.2 billion). Parties suggested as potential buyers include ITV and Banijay, as well as private equity firms.
Liberty Global and Discovery acquired All3Media in 2014 for £550 million ($686 million). Founded in 2003 and currently led by CEO Jane Turton, the producer has grown from 20 labels to 50 in six countries and three continents, including the US, UK and New Zealand. Among them are Sam Mendes’ production company Neal Street, Studio Lambert and Lime Pictures. Last year it invested in sports production outfit 3 Rock.
In 2021, the conglomerate posted sales of £866.6 million ($1.08 billion), its biggest year of revenue ever. The company also has a distribution arm, All3Media International, and a digital agency called Little Dot Studios.
Discovery’s subsequent merger with Warner Bros. means it no longer has a need for All3Media’s production services, while Liberty, an ITV shareholder, has expressed interest in removing “certain assets” from its portfolio, according to the Telegraph’s report on the telecom giant’s recent earnings. phone call.
All3Media did not respond Variety‘s queries by press time.