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14.06.2022 - 10:19 / deadline.com
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 £103.5 million ($126 million), giving the company an enterprise value of £131 million ($159.7M). The stake is being acquired from private equity group LDC.
Plimsoll, founded by Grant Mansfield in Bristol in 2013, is the world’s largest independent producer of natural history programs and a growing premium factual producer. The BAFTA, Emmy and Oscar-winning firm has produced hundreds of hours of content which has traveled to nearly 200 countries.
Among its credits are Tiny World and Giant World for AppleTV+; Hostile Planet and Supernatural Planet for Disney; Night On Earth and Animal for Netflix; and the upcoming landmark series, A Year On Planet Earth for the ITV, Tencent in China, Fox Nation in the U.S. and ARD Group in Germany.
ITV Studios is distributing A Year On Planet Earth, 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.
Plimsoll is also expanding across the premium unscripted space with growing documentary and factual entertainment departments producing for major networks and platforms including BBC, ABC, Channel 4, CNN, History and Hulu.
The acquisition is another key step in ITV’s 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. The deal will also strengthen and deepen ITV Studios’ relationships with the streamers.
Plimsoll’s team includes Chief Creative Officer Dr Martha Holmes; creative director Tom Hugh-Jones, Head
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Naman Ramachandran U.K. broadcaster ITV has completed its acquisition of leading natural history program producer Plimsoll Productions by taking a majority 79.5% stake.The deal, which was revealed by Variety last week, values Plimsoll at £131 million ($161 million) and ITV will pay £104 million ($127 million) in cash for the stake.Founded in Bristol in 2013, the BAFTA, Emmy and Academy award winning Plimsoll has produced hundreds of hours of content including “Tiny World” and “Giant World” for Apple+; “Hostile Planet” and “Supernatural Planet” for Disney; “Night on Earth” and “Animal” for Netflix and the upcoming series, “A Year on Planet Earth” for ITV, Tencent in China, Fox Nation in the U.S.
Naman Ramachandran U.K. broadcaster ITV has acquired a majority 79.5% stake in leading natural history program producer Plimsoll Productions.
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Manori Ravindran International EditorITV Studios is buying British natural history producer Plimsoll Productions, Variety can reveal.While the acquisition isn’t a done deal just yet, sources indicate that it’s expected to close in the next two days. The deal, which sees ITV Studios take a majority stake in Grant Mansfield’s company, is a major coup for the “Love Island” super-indie, which has long been missing a strong natural history player in its entertainment and drama-skewing portfolio. Founded by RDF Media and Zodiak USA veteran Mansfield, Plimsoll was founded in 2013 and specializes in wildlife and natural history programming across its outposts in Bristol, Cardiff and Los Angeles.