ITV Completes Acquisition of Natural History TV Producer Plimsoll for $127 Million
Naman Ramachandran U.K. broadcaster ITV has completed its acquisition of leading natural history program producer Plimsoll Productions by taking a majority 79.5% stake.The deal, which was revealed by Variety last week, values Plimsoll at £131 million ($161 million) and ITV will pay £104 million ($127 million) in cash for the stake.Founded in Bristol in 2013, the BAFTA, Emmy and Academy award winning Plimsoll has produced hundreds of hours of content 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 series, “A Year on Planet Earth” for ITV, Tencent in China, Fox Nation in the U.S.