When you are nearly 80 then clearing out your wardrobe and changing your outfit is probably expected – and that’s what Royal Bank of Scotland is doing with its mobile branch network.
07.07.2023 - 10:13 / deadline.com
EXCLUSIVE: Yesterday, Scotland’s STV confirmed one of the bigger deals in UK television so far this year when it announced the acquisition of indie production network Greenbird Media.
We’d already revealed news of an imminent deal and a stock market announcement confirmed commercial network STV had paid an initial £21.4M ($27.2M) for the indie, which houses 14 production companies through an innovative incubation model aimed at nurturing emerging producers.
The deal saw previous majority owner Keshet exit and Greenbird management sell their shares to give STV’s production arm, STV Studios, 100% of the business. It’s understood there was a competitive tender for the London-based company, which is run by British television industry veterans Jamie Munro and Stuart Mullin.
We’ve now spoken to STV CEO Simon Pitts, who outlined in more detail the strategic reasoning behind the Greenbird deal, noting how it supercharges a strategic objective to turn STV Studios into the UK’s largest out-of-London producer.
“The deal is transformative because it’s right on target [for the strategy] and accelerates revenues and profit away from traditional advertising into a key growth area of global content ownership,” said Potts in an exclusive interview.
“It makes us one of the leading production groups in the UK and takes us much closer to be being the most successful nations and regions producer. We’re living in a time when the center of gravity is shifting a little from London and the South East. It’s a meaningful step forwards from where we are.”
Potts said STV Studios is already on track to double its revenues from £24M in 2022 to £50M and profits from £1.3M to £3M. Greenbird — which houses respected producers Tuesday’s Child
When you are nearly 80 then clearing out your wardrobe and changing your outfit is probably expected – and that’s what Royal Bank of Scotland is doing with its mobile branch network.
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Jimmy Fallon and Robert Downey Jr.'s joint audition didn't go well. During an appearance on SiriusXM's , the 48-year-old late-night host and the 58-year-old actor recalled auditioning for .«We both got called in just as seat fillers and we saw each other,» Downey said.
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STV Studios has acquired the 15 companies operated by “Lego Masters” company Greenbird Media for £21.4 million ($27.3 million). Israel’s Keshet International acquired 60% of Greenbird five years ago. STV Studios has now acquired 100% of Greenbird, including Keshet’s stake. Greenbird founders, Jamie Munro and Stuart Mullin, will join the STV Studios board in the roles of chief commercial officer and finance and integration director respectively, working alongside COO, Paul Sheehan, and under the leadership of MD, David Mortimer. The deal boosts the number of labels within STV Studios from nine to 24. As a result of the acquisition, STV Studios now has expanded bases in Glasgow and London, as well as offices in Cardiff, Belfast, Brighton and Manchester.
STV has confirmed the acquisition of Lego Masters producer Greenbird Media, following Deadline’s exclusive report yesterday.
EXCLUSIVE: Scotland’s STV is close to acquiring on-the-block Lego Masters production group Greenbird Media from Keshet International (KI), Deadline understands.
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