# Liberty Global and Warner Bros Discovery owners weigh deal for All3Media -sources
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-06-01
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Liberty Global and Warner Bros Discovery owners consider selling All3Media stake
Meta Description: Owners of All3Media, Britain's largest TV production company, considering a deal worth over 1 billion pounds. Potential sale or buyout discussed by
URL: https://financedigest.com/liberty-global-and-warner-bros-discovery-owners-weigh-deal-for-all3media-sourceshtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2023-05-31t204742z1lynxmpej4u0vdrtroptp4warner-bros-discovery-inc-max-streaming-1736813949231-compressed.jpg)

LONDON (Reuters) – The owners of All3Media, Britain’s largest independent TV production company, are exploring options that include cashing out on their joint venture in a deal worth more than 1 billion pounds ($1.26 billion), three people familiar with the matter said.

Liberty Global Plc and Warner Bros Discovery Inc are considering selling their stakes in All3Media to a third party or one of them buying the other out, said the sources.

Warner Bros Discovery [selling its stake](https://www.financedigest.com/irish-state-britains-natwest-to-sell-6-stake-in-permanent-tsb.html "Irish state, Britain’s NatWest to sell 6% stake in Permanent TSB") to Liberty Global would help it trim its $49 billion debt pile, the legacy of the 2021 merger between Discovery and Warner Media that created it.

Discovery created the All3Media [joint venture](https://www.financedigest.com/bp-solar-joint-venture-expanding-in-australia-with-two-new-projects.html "BP solar joint venture expanding in Australia with two new projects") in 2014 with Liberty Global for its content and production capabilities. This is something it no longer needs following its merger with WarnerMedia, which has an extensive movie library and film and television [production resources](https://www.financedigest.com/why-building-new-products-for-a-circular-economy-is-essential-if-we-are-to-preserve-the-earths-finite-resources.html "Why building new products for a circular economy is essential if we are to preserve the Earth’s finite resources"), another person familiar with the matter said.

All3Media generates 12-month earnings before interest, taxes, depreciation, and amortization of about 100 [million pounds](https://www.financedigest.com/uks-nationwide-to-pay-340-million-pounds-to-customers-after-profit-leap.html "UK’s Nationwide to pay 340 million pounds to customers after profit leap") (EBITDA), one of the sources said.

The [sources cautioned that no deal](https://www.financedigest.com/sabadell-in-talks-with-worldline-nexi-and-fiserv-for-payments-deal-sources.html "Sabadell in talks with Worldline, Nexi and Fiserv for payments deal -sources") is certain and requested anonymity because the matter is confidential.

Liberty Global and [Warner Bros Discovery](https://www.financedigest.com/warner-bros-discovery-adds-2-million-subscribers-in-first-quarter.html "Warner Bros Discovery adds 2 million subscribers in first quarter") declined to comment. All3Media did not immediately respond to requests for comment.

All3Media, which houses more than 50 producers in Britain and abroad, makes a wide range of award-winning shows including “The Traitors,” “The Tourist” and [“Call the Midwife.” Britain](https://www.financedigest.com/financial-think-tank-calls-for-regulated-esg-ratings-in-britain.html "Financial think-tank calls for regulated ESG ratings in Britain") is responsible for 35% of its revenue, with the remainder coming from North America, Germany, the Netherlands, New Zealand and elsewhere.

All3Media is run by Jane Turton, who was [appointed chief executive](https://www.financedigest.com/fiat-republic-the-specialist-baas-platform-that-bridges-web3-and-banks-announces-the-appointment-of-two-industry-experts-as-non-executive-directors-to-the-board-of-its-dutch-subsidiary.html "Fiat Republic, the specialist BaaS platform that bridges web3 and banks, announces the appointment of two industry experts as Non-Executive Directors to the board of its Dutch subsidiary.") after the acquisition by Discovery and Liberty Global.

($1 = 0.7923 pound)

(Reporting by Amy-Jo Crowley in London with additonal reporting by Paul Sandle in London and Dawn Chmielewski in [Los Angeles; Editing by Matthew Lewis)](https://www.financedigest.com/patsnap-circumnavigates-northern-hemisphere-with-launch-of-los-angeles-office.html "PatSnap circumnavigates northern hemisphere with launch of Los Angeles office")


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---