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.
Read more on deadline.com