Overview

• ITV is in early talks with Abu Dhabi-backed RedBird IMI to merge its ITV Studios division with All3Media, a production company acquired by RedBird in 2023 for £1.15 billion.
• The proposed merger would create a production powerhouse valued at approximately £3 billion, based on 2023 revenue figures.
• The deal would not involve RedBird IMI taking a stake in ITV’s regulated broadcasting arm, which is responsible for its news output.
• ITV Studios produces popular shows like 'Love Island' and 'The Voice,' while All3Media is known for hits such as 'The Traitors' and 'Peaky Blinders.'
• ITV's CEO Carolyn McCall faces pressure to boost the company’s share price and unlock value from its Studios business, which accounts for a significant portion of ITV's revenues.