1 JUN 2023

Liberty Global and Warner Bros. Discovery consider sale for All3Media

The owners of British independent TV production company All3Media are exploring options that include cashing out on their joint venture in a deal worth more than £1 billion (US$1.26 billion).

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Liberty Global and Warner Bros. Discovery, the owners of British independent TV production company All3Media, are exploring options that include cashing out on their joint venture in a deal worth more than £1 billion (US$1.26 billion). According to people familiar with the matter, both groups are considering selling their stakes in All3Media to a third party or one of them buying the other out.

All3Media has been under Discovery and Liberty Global’s control for nearly a decade after selling to the US media giants for £500 million in 2004. The company’s revenues rose 32% to a record £867 million in 2021, according to accounts filed at the UK’s Companies House. Its earnings before interest, taxes, and depreciation stood at £84 million.

Housing more than 50 producers in Britain and abroad, All3Media makes a wide range of award-winning shows including "The Traitors," "The Tourist" and "Call the Midwife." Britain is responsible for 35% of its revenue, with the remainder coming from North America, Germany, the Netherlands, New Zealand, and elsewhere.

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