Business
ITV acquires Plimsoll Productions
ITV acquires Plimsoll Productions.
About this update from Itv Plc
[{"type":"text","content":"\n \n \n \n ITV acquires Plimsoll Productions - the world's largest leading independent natural history TV producer\n \n \n \n ITV plc today announced that it has agreed to acquire a majority interest of 79.5% in Plimsoll Productions, the largest independent producer of natural history programmes in the world and a growing premium factual producer, for a cash consideration of approximately £103.5 million, valuing Plimsoll at an Enterprise Value of £131 million. Founded in Bristol in 2013, the centre of excellence for natural history programming, the Bafta, Emmy and Academy award winning producer has produced hundreds of hours of content which is watched, and sold, in nearly 200 countries.\n \n \n The producer is behind series including Tiny World and Giant World for Apple+; Hostile Planet and Supernatural Planet for Disney; Night on Earth and Animal for Netflix and the upcoming landmark series, A Year on Planet Earth for ITV, Tencent in China, Fox Nation in the US and Ard Group in Germany.\n \n \n This acquisition is a further milestone in ITV's strategy of expanding its international content business. It further diversifies ITV Studios production base and will enable ITV to take advantage of the strong demand for content across the ever-popular natural history and factual genres. Plimsoll Productions' has a\n strong network with all of the global streamers and this\n acquisition will strengthen and deepen ITV Studios' relationships with the streamers.\n \n \n Under the leadership of founder Grant Mansfield, Plimsoll Productions has built a track record of delivering a strong operational and financial performance. The Plimsoll Productions team is\n highly specialised and multi award-winning in the production of blue-chip natural history and includes chief creative officer Dr Martha Holmes (formerly of the BBC's Natural History unit - Blue Planet, Hostile Planet, Tiny World); creative director Tom Hugh-Jones (Tiny World, Planet Earth II); Karen Plumb as Head of Factual Entertainment; and Richard Klein, former Head of ITV Factual, and Head of Documentaries at the BBC. Prior to launching Plimsoll Productions, Mansfield has previously been head of production company Zodiak in the USA, Managing Director of RDF and the Commissioner of Factual for ITV. \n \n \n Following the transaction Grant Mansfield, tog...