ITV CEO on Paramount-WBD and ITV Studios After Banijay, All3Media Megadeal: “We Don’t Feel It Will Have Any Impact on Us”
Carolyn McCall, naturally, got deals-related questions during an earnings conference call.
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Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Does U.K. TV giant ITV , led by CEO Carolyn McCall , feel more pressure to boost the scale of its production arm ITV Studios after this week’s news of the mega-merger between production giants Banijay and All3Media ? What is the state of ITV’s deal talks with Comcast ‘s Sky ? And what does the Paramount Skydance deal for Warner Bros. Discovery mean for ITV? Those were just some of the questions on a Thursday media call following the company’s latest earnings update. Consolidation has long been a topic of much debate around ITV Studios, which produces such shows as Love Island , Britain’s Got Talent and the Harlan Coben Netflix hit series Fool Me Once . All3Media is owned by a joint investment partnership between Gerry Cardinale’s RedBird and IMI Media, led by RedBird operating partner and RedBird IMI CEO Jeff Zucker. Related Stories Business ITV Remains in Sky Deal Talks, Posts Slight Full-Year Studios Profit Drop, Ad Revenue Falls 5 Percent Movies Canadian Actress Elle-Máijá Tailfeathers Returns Toronto Film Critics Award in Response to Censorship of Pro-Palestine Speech And in November, ITV disclosed talks with Sky focused on the company’s commercial free-to-air TV channels in the U.K., as well as its ITVX streaming platform, with a deal set to leave ITV Studios as a separate asset. Asked about the state of the Sky talks and ITV Studios’ deal outlook during a Thursday earnings conference call, McCall said: “We are actively engaged with Sky.” She added any further updates would be shared as and when appropriate. About ITV Studios, she said: “We are very confident in the scale, … very diversified” nature of the business. For Banjay and All3Media, the “consolidation will be a lot about cost synergies, but it will not affect our growth.” What...
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