The UK’s ITV has agreed to acquire a majority interest of 79.5% in Hostile Planet and Tiny World producer Plimsoll Productions for approximately £103.5M ($126M), giving the company an enterpr…
, a 6×60 series that draws on spellbinding and dramatic stories from all corners of the world. In the UK, it’s narrated by Stephen Fry.
The acquisition is a major move for ITV and its strategy of expanding its international content business, further diversifying ITV Studios’ production base and will enable ITV to take advantage of the strong demand for content across natural history and factual genres. While it has strong scripted and unscripted production companies across the globe, natural history was previously considered a gap in its portfolio.
Following the transaction Mansfield, together with his senior management and creatives, will continue to manage the business and play a key role in program development. They will work alongside ITV Studios Managing Director Julian Bellamy, UK Director of Unscripted Angela Jain and their team. Mansfield said: “The significant opportunities in the international premium unscripted market make this the perfect time for Plimsoll to join ITV Studios. There is a quite special strategic and cultural fit that will enable us to achieve our, now shared, creative and commercial ambitions for Plimsoll. We’re excited to be part of ITV Studios’ expanding global force in content and delighted that, from today, this powerful new partnership is officially active.
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