22 December 2012 1:14 AM, PST | Deadline Hollywood | See recent Deadline Hollywood news »

The makers of hot cable show Duck Dynasty have just cashed out. British television giant ITV announced today that it’s expanding its U.S. production arm ITV Studios America with the acquisition of Gurney Productions. ITV is paying $40 million for a 61.5% controlling stake in Gurney Productions, best known for Duck Dynasty as well as Auction Hunters, American Digger and Haunted Collector. ITV also has a put and call option to buy the remaining 38.5% which can be exercised from 3 to 5 years after the initial deal. “Gurney Productions is a high margin business with three quarters of its revenues coming from returnable series. The company’s Ebita for 2012 is forecast to be at least $10M,” ITV said Saturday. Gurney Productions will report directly to Paul Buccieri, Managing Director of ITV Studios International and President/CEO of ITV Studios America. Further, Gurney Productions’ revenues will be included in ITV Studio’s international »

- NIKKI FINKE, Editor in Chief

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