RedBird IMI to Acquire All3Media

Jeff Zucker’s RedBird IMI is taking control of All3Media from Warner Bros. Discovery and Liberty Global for £1.15 billion ($1.45 billion).

RedBird IMI is a joint venture between RedBird Capital Partners and International Media Investments. Jeff Zucker, the CEO of RedBird IMI, will become the chairman of the All3Media board. CEO Jane Turton and COO Sara Geater will continue to lead the company for RedBird IMI.

“All3Media is one of the world’s great content companies, and this gives us an incredible platform to continue to grow our expanding portfolio,” said Zucker. “The demand for new shows and ongoing existing series, both scripted and unscripted, makes All3 a perfect fit for us. And we would not be doing this if not for the tremendous confidence we have in the outstanding All3Media management team, led by Jane and Sara.”

“Acquiring All3 is an extension of our investment thesis around pure play global content creators and owners of intellectual property,” said Gerry Cardinale, founder and managing partner of RedBird. “We look forward to partnering with All3’s management team to continue accelerating their growth in Europe and the U.S. and capitalizing on RedBird’s ecosystem in support of that goal.”

Jane Turton, the CEO of All3Media, said: “Joining forces with Jeff and the RedBird IMI team is an exciting next step for us as we continue to build All3Media. Our strategy remains to work with the world’s best talent, developing and producing high quality, popular programs and RedBird IMI’s support and investment will be key in helping us deliver this. I am very proud of all that we have built over the past few years, and I am looking forward to working with the RedBird IMI team as we take this important next step.”

“All3Media has gone from strength to strength during our period of joint ownership with WBD, both financially and creatively,” Andrea Salvato, chief development officer at Liberty Global, said. “We look forward to seeing the company continue to prosper, led by Jane and the team, as part of RedBird IMI. The sale continues our strategy of recycling capital in our ventures portfolio.”

“We are incredibly proud of what All3Media, Warner Bros. Discovery and Liberty Global have built together over the past decade, and given RedBird IMI’s strong commitment to creative excellence, we are confident they are best suited to shepherd this world-class production studio into its next phase and can’t wait to see all that’s ahead,” said Bruce Campbell, Warner Bros. Discovery’s chief revenue and strategy officer.