LONDON — Warner Bros. Television Group has completed its acquisition of a majority stake in U.K. “super-indie” Shed Media for a reported £100 million ($160 million).
As part of the move, Outright Distribution will be incorporated into the U.K.-based Warner Bros. International Television Production unit, but remain as a brand. No job losses will result from the integration.
Bruce Rosenblum, prexy, Warner Bros. Television Group, said: “This acquisition marks an important part of our strategic growth initiative for the television group.
“We already have a leading position and scale in the U.S., and this marks the start of the establishment of Warner Bros. as producer of quality entertainment of scale in other important countries.”
Shed Media’s portfolio ranges across drama, factual, documentary, reality and history.
The company owns shingles Shed Prods., Ricochet, Twenty Twenty, Wall to Wall, Shed Scotland and Shed U.S.
Flagship fare includes reality skein “Supernanny,” drama “Footballers’ Wives” and the celebrity family tree show “Who Do You Think You Are?”
There is speculation that Warner’s Shed purchase will be followed by the acquisition of other shingles in the U.K.