EXCLUSIVE: Comcast’s European broadcaster Sky has taken full control of Love Productions, the producer behind Channel 4 hit The Great British Bake Off.
, and now the pay-TV operator has acquired the remaining 29.59% of shares in the Richard McKerrow-founded outfit, as it continues to build its production empire.
“We are proud that Love Productions is now a wholly-owned Sky Studios company and we look forward to continuing to work with Richard and the team as we build on their continued success.”The deal was done in February, according to Love’s 2019 earnings, and followed both Sky and the producer’s directors receiving significantly increased dividends from theTwo Love directors received dividends of £4.6M between them last year, up from the £1.4M split between three directors in 2018.
Love warned that the coronavirus pandemic will have a “significant impact” on its earnings in 2020 and 2021 because of delays to production. “Existing and new programming will go into production when it is safe to do so,” the company said., has yet to go into production for Channel 4 this year after
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