RedBird IMI Completes Acquisition of Global Production Company All3Media
May 16 2024 - 10:24AM
RedBird IMI, a joint venture investment platform focused on global
media, entertainment, sports and news content properties, today
announced that it has completed its acquisition of All3Media, one
of the world’s leading independent television production and
distribution companies, from its joint owners, Warner Bros.
Discovery, Inc. (Nasdaq: WBD) and Liberty Global Ltd. (Nasdaq:
LBTYA, LBTYB and LBTYK). The deal has been approved by regulators
in the United States, United Kingdom and Germany. At £1.15 Billion,
this was RedBird IMI’s largest completed transaction to date.
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, is the UK’s largest independent
production company. It 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.
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.
AdvisorsRedBird Advisors acted as financial
advisor to RedBird IMI and RedBird Capital Partners, and Gibson,
Dunn & Crutcher LLP acted as its legal advisor. JP Morgan acted
as financial advisor to Warner Bros. Discovery and Liberty Global,
and DLA Piper acted as their legal advisor.
About RedBird IMIRedBird 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.
RedBird IMI is focused on investing in premier companies across
news, media, entertainment, sports and live event verticals.
About RedBird Capital PartnersRedBird Capital
Partners is a private investment firm that builds high-growth
companies with strategic capital solutions to founders and
entrepreneurs. The firm currently manages approximately $10 billion
in assets on behalf of a global group of blue chip institutional
and family office investors. Founded in 2014 by Gerry Cardinale,
RedBird integrates sophisticated private equity investing with a
hands-on business building mandate that focuses on three core
industry verticals – Sports, Media & Entertainment, and
Financial Services. Throughout his 30-year investment career,
Cardinale has partnered with founders and entrepreneurs to build
some of the most iconic growth companies in their respective
industries. For more information, please go to
www.redbirdcap.com.
About All3Media GroupAll3Media’s companies
develop and produce award-winning, high quality and popular new and
returning programming across all genres. The Group, which has grown
from 19 production companies and labels a decade ago to 50 today,
is focused on innovation, creative excellence and entertaining
audiences with world-class programming, from long-running series
through to the launch of new formats, new talent and new business
models. All3media.com
Contacts:Risa HellerRisa Heller
CommunicationsRisa@risaheller.com917.647.9187
Carly HoldenRisa Heller
Communicationscarly@risaheller.com617.429.1730
Dan GagnierGagnier
Communicationsredbird@gagnierfc.com646.569.5897
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