The owners of All3Media, Britain’s largest independent TV production company, are exploring options that include cashing out on their joint venture in a deal worth more than 1 billion pounds ($1.26 billion), three people familiar with the matter said. Liberty Global and Warner Bros. Discovery are considering selling their stakes in All3Media to a third party or one of them buying the other out, the sources said.
Exclusives
The UK’s largest independent producer is set to shake up the video-on-demand market by allowing viewers to bypass services such as LoveFilm and Netflix and catch hits via its TV app. The company believes it is the first U.K. indie to go direct to consumers with a TV service, which will launch in the U.K. this week and in the U.S. within the next month.
