Discovery Communications and Liberty Global today finalized their transaction following regulatory clearance to jointly acquire All3Media, a leading global content creator and major distributor of award-winning TV programming. In May 2014, Discovery Communications and Liberty Global formed a joint venture to preserve All3Media’s creative autonomy while providing strategic guidance and investment to support its global growth.
Mike Fries, CEO of Liberty Global, comments: “We are excited to be closing the acquisition of All3Media. The business, which produces content for some of our biggest markets in Europe, including the UK, Germany and the Netherlands, is a natural fit for us and our strategy for content. Discovery is the perfect partner too, as they not only commission All3Media content already, but also share our ambition to create compelling, localized content for domestic markets. Together, we will seek to preserve All3Media’s creative independence and support its management to further grow this strong creative business.”
All3Media group consists of 19 production companies across Europe and the US, and was previously owned by its founders and the Permira funds. Discovery Communications and Liberty Global have committed to All3Media’s creative autonomy and continued focus on serving its diversified customer base globally. Preserving its federal operating model, All3Media will continue to operate as it does today, with an independent executive management team