ITV and RedBird IMI Explore Potential Merger of Production Divisions

Discussions focus on combining ITV Studios and All3Media to create one of Europe’s largest production companies, though no deal has been finalized.

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.