EXCLUSIVE: All3Media, the British manufacturing empire behind The Traitors and Name The Midwife, has bought a £90.3M ($119M) money injection from its new mother or father firm RedBird IMI.
All3Media disclosed the liquidity increase in its first set of earnings since being acquired for £1.15B by RedBird IMI, the Abu Dhabi-backed funding automobile run by former CNN chief Jeff Zucker.
The monetary report, filed on the UK’s Firms Home, reveals that the manufacturing group’s EBITDA rose 7.2% to a report £107.4M within the 12 months to 31 December, 2023.
All3Media’s income stood at £995.2M final 12 months, which was down barely from the all-time excessive of simply over £1B recorded in 2022, in accordance with the submitting.
Deadline revealed in June that All3Media is seeking to embark on a spending spree after being bought by Warner Bros. Discovery and Liberty International.
A money injection will doubtless turn out to be useful as All3Media begins inspecting acquisition targets after a interval wherein the group has been comparatively quiet within the M&An area.
“We’re attending to know the brand new shareholders and presenting them with a full and long-term technique across the inorganic piece of the enterprise,” mentioned All3Media CEO Jane Turton.
The U.S. is more likely to be a specific space of focus. All3Media is closely depending on the UK market, the place it generates 74% of its £995.2M income. Some 12% of gross sales originate within the U.S., whereas the remaining 14% come from the remainder of the world.
All3Media’s earnings additionally revealed that the group has a brand new revolving credit score facility of £50M and all of its exterior borrowings have been repaid as a part of the RedBird deal. Money from operations stood at £65.4M final 12 months.
All3Media owns 40 manufacturing corporations, together with Studio Lambert and Neal Avenue Productions, and made greater than 3,600 hours of content material in 2023, together with 100 returning reveals.
