ITV will continue to eye acquisitions in the production space with CEO Carolyn McCall telling Deadline that it will be “very disciplined” about future purchases. However, the company has ruled out “significant” acquisitions in the scripted space in the U.S.
McCall’s comments come as the battle to buy Endemol Shine heats up with multiple bidders understood to be eyeing the Big Brother and Black Mirror producer.
McCall told Deadline, “We’ve had a very effective strategy of diversifying away from advertising, not because we don’t like it, but because it’s a cyclical business. We have made a lot of acquisitions and have doubled the size of the [ITV Studios] business in the last five years. We are going to continue to grow organically and that we will look at M&A, although we don’t comment on specific opportunities. We will look at M&A in a...
McCall’s comments come as the battle to buy Endemol Shine heats up with multiple bidders understood to be eyeing the Big Brother and Black Mirror producer.
McCall told Deadline, “We’ve had a very effective strategy of diversifying away from advertising, not because we don’t like it, but because it’s a cyclical business. We have made a lot of acquisitions and have doubled the size of the [ITV Studios] business in the last five years. We are going to continue to grow organically and that we will look at M&A, although we don’t comment on specific opportunities. We will look at M&A in a...
- 7/25/2018
- by Peter White
- Deadline Film + TV
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