Skip to content Skip to Search
Skip navigation

UAE’s RedBird IMI acquires UK TV producer for $1.5bn

By Pramod Kumar
Studio Lambert/X
All3Media produces top global shows such as The Traitors, Squid Game: The Challenge, Gold Rush, among others

RedBird IMI, a US investment management company partly owned by Abu Dhabi’s International Media Investments, has acquired All3Media, the UK’s largest independent TV production company behind hits such as Fleabag, The Traitors and Gogglebox.

The for £1.15 billion ($1.5 billion) deal is the largest for RedBird IMI to date, the company said in a statement.

The UK production house was acquired from joint owners, Nasdaq-listed Warner Bros. Discovery Inc. and Liberty Global Limited.

The deal has been approved by US, UK, and German regulators.

Jeff Zucker, CEO of RedBird IMI, will become the chairman of All3Media, while CEO Jane Turton and COO Sara Geater will continue to lead the company.

All3Media, based in London, has 50 production labels, including Studio Lambert, Raw, Two Brothers Pictures, Silverback Films, New Pictures and Neal Street Productions. 

The company produces global hit shows such as Fleabag, The Traitors, Squid Game: The Challenge, Midsomer Murders, American Nightmare, The Circle, Call the Midwife, The Tourist, Life On Our Planet, The Long Shadow, Hollyoaks and Peep Show.

In February, RedBird IMI announced plans to buy All3Media, its fifth investment and largest to date.

RedBird IMI this month confirmed it had backed out of plans to acquire the Telegraph Media Group after the UK government blocked the deal.

The UAE’s IMI owns The National newspaper, Sky News Arabiya and Al-Ain News. 

Latest articles

Profit is down at Majid Al Futtaim, which runs malls including the City Centre Bahrain

Majid Al Futtaim reports 6% profit drop as sales slow

Shopping mall owner Majid Al Futtaim has reported a drop in profit for 2024, attributing the decline to lower retail revenue, a higher tax burden and currency devaluation in some of its international markets. Total revenue fell 2 percent to AED33.9 billion ($9.2 billion) and profit dropped 6 percent to AED2.5 billion in 2024, MAF […]

Turkish markets

Regulators take action to stabilise Turkish markets after arrests

Efforts by Turkish regulators to stabilise the country’s money markets, which were thrown into turmoil by the arrest of the mayor of Istanbul last week, appear to be having some effect, with losses on the country’s stock market narrowing. Markets were rocked and political unrest ensued after the arrest and detention of Ekrem İmamoğlu, a […]

In 2024, Masdar completed acquisitions in Greece, Spain and the US

UAE’s Masdar expands renewable energy footprint

Abu Dhabi renewable energy company Masdar invested nearly AED30 billion ($8.2 billion) in equity last year and secured more than AED16.5 billion in project financing across nine countries. The company, which is targeting a renewable energy portfolio capacity of 100 gigawatts by 2030, has developed and partnered in projects in more than 40 countries, the […]

The Umm Al Qura IPO is the biggest this year in Saudi Arabia and one of three that has raised a combined $1bn

Umm Al Qura shares soar as more Saudi IPOs approved

Shares in Saudi Arabia’s Umm Al Qura for Development and Construction surged 30 percent on Monday, the maximum allowed on a first day of trading. The Capital Markets Authority (CMA) also approved another three companies for initial public offerings. Within minutes of the opening of the Saudi Exchange, after Umm Al Qura raised SAR1.96 billion […]

Yasir Al Rumayyan, the governor of PIF at the inaugural LIV Golf Invitational. Some PIF budgets have been cut by as much as 60%

PIF spending cuts slow giga-projects and trigger layoffs

Saudi Arabia’s $925 billion Public Investment Fund (PIF) has ordered deep spending cuts across more than 100 of its companies, slowing projects and triggering layoffs, people familiar with the matter have told AGBI. The sovereign wealth fund at the heart of the government’s economic transformation strategy is mandating a minimum 20 percent reduction in 2025 […]

Kuwait China housing labourers

China asked by Kuwait to build housing for foreign labourers

Kuwait has asked China to appoint a construction company to build six projects to house 220,000 foreign labourers, after accidents that claimed the lives of overseas workers because of improper conditions. The plan has been on the cards for several years but gained momentum last year after a fire in a labour housing complex in […]

Orascom and Técnicas Reunidas have already received the notice to proceed with the engineering, procurement and construction contract

Orascom wins $2.6bn contract for Saudi power plant

A consortium comprising Egypt-listed Orascom Construction and Spain’s Técnicas Reunidas has signed a contract to build a 3 gigawatt gas-fired power plant in Saudi Arabia’s Eastern Province. The consortium signed an engineering, procurement and construction contract worth around $2.6 billion for expanding the Qurayyah independent power project, Orascom said in a statement on Monday. In […]

A Russian oil tanker transits the Bosphorus. Russia’s share of India’s naphtha imports has grown by 15 percentage points to more than 50 percent

UAE loses out as India opts for cheaper Russian naphtha

The UAE, led by Abu Dhabi, has lost its position as India’s biggest supplier of the refined crude oil product naphtha as discounted Russian cargoes flood the market. Naphtha has many uses including as a precursor to gasoline and other liquid fuels, and as solvents or diluents for paints and the rubber industry. India is […]

OQ Exploration and Production was Oman's most profitable company, reporting net earnings of OMR327 million

Profits of Muscat-listed companies surge over 50% in 2024

Net profits of publicly-listed companies on the Muscat Stock Exchange rose 53 percent to OMR1.3 billion ($3.4 billion) in 2024, compared to OMR877 million in 2023, according to a news report. Of the 90 listed companies, 69 reported profits in 2024, up from 68 in the previous year, Oman Daily Observer reported. Despite the number […]

Gulf Bank executives at the recent ordinary general meeting

Gulf Bank to pay dividend despite profit fall

Shareholders of Gulf Bank, which trades on the Kuwaiti stock exchange, have approved the payment of an annual dividend and bonus shares for 2024 despite a drop in profit for the year. Shareholders on April 10 will be entitled to 10 percent cash dividends and 5 percent bonus shares, the lender said in a statement. […]

Iraq's oil exports range between 3.2m and 3.5m barrels per day, with 70 percent shipped to Asia

Iraq targets oil exports to Africa in expansion plan

Iraq is considering exporting crude oil to Africa amid a market expansion plan, oil minister Hayan Abdul Ghani has said. “The government is evaluating the feasibility of entering African markets,” he told state-run Iraqi News Agency. Iraq signed 44 contracts under the latest oil licensing rounds across 14 provinces. The state-owned Basra Oil Company, which […]

The highway projects intend to improve access to the Grand Stadium in Casablanca for the World Cup, which Morocco will jointly host with Spain and Portugal

Morocco’s $1.3bn highway overhaul for 2030 World Cup

Morocco plans to invest MAD12.5 billion ($1.3 billion) to develop its highway infrastructure for the 2030 Fifa World Cup. The investments, spanning from 2025 to 2032, will focus on three major projects: the Continental Rabat-Casablanca Highway, Tit Mellil-Berrechid Highway, and Ain Harrouda and Sidi Maarouf junctions, Morocco News World reported citing a statement from the […]