Liberty Global and Warner Bros. Discovery have completed the sale of the UK's largest independent TV production company, All3Media, to the media and entertainment investment company, RedBird IMI, for $1.45 bn.
The deal, announced in February, has been approved by regulators in the US, the UK and Germany. The CEO of RedBird IMI, Jeff Zucker, will become chairman of the All3Media board, with All3Media CEO Jane Turton and COO Sara Geater continuing in their roles.
All3Media, based in London, has 50 production labels, including Studio Lambert, Raw, Two Brothers Pictures, Silverback Films, New Pictures and Neal Street Productions, producing top global shows such as 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 library spans all genres, including contemporary thrillers, detective series, soap operas, comedy, costume drama and true crime as well as documentary, features, children's and reality programming.
The Group's companies have global presence, 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 catalog of over 30,000 hours, while the Group's digital business, Little Dot Studios, drives audiences in social video, podcast, and branded content across multiple platforms.