All3Media Sale: ‘Everybody’ Is Interested Including ITV Says Liberty Global Boss

variety.com:

K.J. Yossman Mike Fries, the boss of All3Media co-owner Liberty Global have said they are receiving a lot of interest in the studio, including from U.K.

network ITV. “We’re just starting the [sale] process and pretty much everybody you can think of is interested, even that company here ITV,” Fries said during the Royal Television Society conference in Cambridge, U.K.

on Wednesday. ITV had previously said they were “no longer actively exploring” a purchase after initially expressing interest. “All3 is an incredible business,” Fries continued. “But the industry is changing and studios are searching for scale, especially pure play studios like All3Media.

Warner Bros. Discovery are our partner and we decided this might be a business that has greater value in a larger platform and could be a catalyst for consolidation and really help transform other studio businesses.