Banijay and Peter Chernin’s North Road Eye ‘Love Island’ Maker ITV Studios – Report
deadline.comBanijay and North Road Entertainment are keen on to Love Island producer ITV Studios, according to Reuters. The report suggests private equity-backed studio firms have also looked at the production and sales arm of ITV, which could fetch as much as £3BN ($3.7BN).
Reuters cites sources who claim UK network ITV is willing to selling a portion of ITV Studios but is keen to keep control of the business, which has production assets in the UK, Europe, U.S.
and Australasia and owns shows such as Love Island, I’m a Celebrity… Get Me Out of Here! and Life of Duty. Rumors ITV was open to some sort of sale first emerged in the FT in October last year, though sources within ITV have consistently played down the idea and it has at times appeared off the market.
The news comes just a day after The North Road Company, which former Fox chief Peter Chernin launched last year, landed $150M from the Qatar Investment Authority “to support ongoing expansion.
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