Belfast Telegraph

UK Website Of The Year

ITV in talks over £640m production firm buyout deal

By Roger Baird

Published 08/04/2015

Colin Firth in The King’s Speech
Colin Firth in The King’s Speech

ITV is reportedly in talks to buy the TV division of the Weinstein Company, the Hollywood production house behind The Imitation Game and The King's Speech, for as much as $950m (£640m).

If completed, the unit would be sold with an upfront fee of up to $400m (£270m), with the rest made up of performance-linked payments.

The Weinstein Company is led by brothers and co-chairmen Harvey and Bob Weinstein. The TV unit has produced the designer reality show Project Runway as well as Mob Wives.

An acquisition by ITV, home to Downton Abbey and The X Factor, would fit in with its strategy of buying production firms to sell content around the world, making itself less dependent on volatile advertising revenues. Last month ITV snapped up Talpa, the Dutch production company behind The Voice, in a deal that could cost up to €1.1bn (£781m).

It has also bought a number of US production companies.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph