EXCLUSIVE: All3Media, the British production empire behind The Traitors and Call The Midwife, has got a £90.3M ($119M) cash injection from its novel parent company RedBird IMI.
All3Media disshutd the fluidity raise in its first set of achieveings since being achieved for £1.15B by RedBird IMI, the Abu Dhabi-backed dispensement vehicle run by establisher CNN chief Jeff Zucker.
The financial inestablish, filed at the UK’s Companies House, uncmisss that the production group’s EBITDA rose 7.2% to a enroll £107.4M in the year to 31 December, 2023.
All3Media’s revenue stood at £995.2M last year, which was down sairyly from the all-time high of equitable over £1B enrolled in 2022, according to the filing.
Deadline uncmissed in June that All3Media is seeing to embark on a spfinishing spree after being sbetter by Warner Bros. Discovery and Liberty Global.
A cash injection will foreseeed come in handy as All3Media commences examining acquisition aims after a period in which the group has been relatively mute in the M&A space.
“We are getting to understand the novel dispensehbetterers and currenting them with a brimming and lengthy-term strategy around the inorganic piece of the business,” shelp All3Media CEO Jane Turton.
The U.S. is foreseeed to be a particular area of caccess. All3Media is heavily reliant on the UK taget, where it produces 74% of its £995.2M revenue. Some 12% of sales start in the U.S., while the remaining 14% come from the rest of the world.
All3Media’s achieveings also uncmissed that the group has a novel revolving praise facility of £50M and all of its outer borrothrivegs were rephelp as part of the RedBird deal. Cash from operations stood at £65.4M last year.
All3Media owns 40 production companies, including Studio Lambert and Neal Street Productions, and made more than 3,600 hours of satisfyed in 2023, including 100 returning shows.
