Warner Bros. Discovery acquires All3Media

Warner Bros. Discovery acquired All3Media for NULL (50:50 joint venture with Liberty Global; target reported FY2013 revenues of approximately GBP 505 million), a transaction announced in May 2014, structured as 50:50 joint venture with Liberty Global to acquire All3Media from its founders and the Permira funds.

All3Media operates in Content production, is based in London, U.K. (with operations in the U.S., Germany, the Netherlands and New Zealand), had revenue of about approximately GBP 505 million (fiscal year ended August 2013). Discovery Communications and Liberty Global agreed to form a 50:50 joint venture to acquire All3Media, the largest independent television production group in the U.K., from its founders and the Permira funds. All3Media, headquartered in London with a strong presence in the U.S., Germany, the Netherlands and New Zealand, holds a diversified catalogue of more than 8,000 hours of content across drama, comedy, factual and factual-entertainment programming.

Discovery Communications and Liberty Global announced an agreement to form a 50:50 joint venture to acquire All3Media, a leading international producer and distributor of award-winning TV programming. The partners committed to preserve All3Media's creative independence, with the group continuing to operate under its own name and management while gaining strategic support from Discovery and Liberty Global.

All3Media owned a large, diversified content library and production capability that gave Discovery and Liberty Global ownership of the creative supply chain feeding global broadcasting partners. Operated as an independently managed company under its own name within the 50:50 Discovery/Liberty Global joint venture