Redbird IMI agrees to purchase manufacturing firm behind The Traitors
Star high quality: The Traitors is offered by Claudia Winkleman (pictured)
Telegraph bidder Redbird IMI has agreed to purchase the movie and TV manufacturing firm behind The Traitors for £1.15billion.
The funding big – a three way partnership between Abu Dhabi’s ruling elite and Gerry Cardinale’s personal fairness agency RedBird Capital Partners – will purchase the London-based All3Media from its joint house owners Warner Bros Discovery and Liberty Global.
The transfer comes simply months after Redbird IMI, which is run by US media govt Jeff Zucker, agreed to take over The Telegraph and The Spectator.
All3Media is without doubt one of the UK’s main manufacturing homes, making reveals resembling Call The Midwife, Gogglebox, Midsomer Murders and the BBC One hit, The Traitors, offered by Claudia Winkleman.
The manufacturing firm was put up on the market final yr, attracting curiosity from the likes of French TV manufacturing group Banijay, Sony and Goldman Sachs.
ITV, which like All3Media counts Liberty Global as a shareholder, had additionally been in talks to scoop up the manufacturing agency. But the discussions had been known as off after they didn’t agree on monetary phrases.
In an announcement yesterday, it was confirmed that Redbird IMI had come out on high on this bidding struggle.
Under the settlement, Zucker, the previous head of CNN who serves as chief govt of RedBird IMI, will turn out to be chairman of the All3Media board.
Jane Turton, All3Media chief govt, and Sara Geater, chief working officer, will proceed to steer the corporate. Zucker mentioned: ‘All3Media is without doubt one of the world’s nice content material corporations and this offers us an unimaginable platform to proceed to develop our increasing portfolio. The demand for brand new reveals and ongoing current collection, each scripted and unscripted, makes All3 an ideal match for us.’
But Redbird IMI continues to be dealing with authorities scrutiny over its bid for The Telegraph late final yr. It is being investigated amid considerations the newspaper can be underneath the management of Abu Dhabi, which has a doubtful file on press freedom.
The agency – RedBird IMI – is backed by Sheikh Mansour bin Zayed Al Nahyan, who’s deputy prime minister of the UAE and proprietor of Abu Dhabi United Group which owns Manchester City Football Club.
