Investment group RedBird IMI has completed its acquisition of production and distribution group All3Media from its joint owners, Warner Bros. Discovery and Liberty Global for £1.15bn.
The deal, which was first announced in February, has been approved by regulators in the US, UK and Germany.
Jeff Zucker, the CEO of RedBird IMI, has become the chairman of the All3Media board. The media company’s CEO Jane Turton and COO Sara Geater will continue to lead All3Media for RedBird IMI.
All3Media, based in London, has 50 production labels, including Studio Lambert, Raw, Two Brothers Pictures, Silverback Films, New Pictures and Neal Street Productions, producing 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.
The group’s companies span 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.
RedBird IMI launched just over a year ago, with the goal of building a global media company across news, entertainment and sports. 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.
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