×
You will be redirected back to your article in seconds

U.K.’s ITV in Talks to Acquire Weinstein Co.’s TV Operation

ITV has set its sights on acquiring Weinstein Co.’s TV division.

The U.K. giant is said to be in talks to buy out Weinstein Co.’s television operation for an estimated $300 million. ITV declined comment, while Weinstein Co. reps could not immediately be reached for comment.

If completed, the deal would include incentive- and performance-based payments over time that could greatly increase the value of the deal to Weinstein Co. It is expected that the company would continue to run autonomously under the direction of TWC co-chairman Harvey Weinstein and other execs.

ITV has been scooping up independent production companies left and right during the past few years as it looks to bolster its assets as a global content provider to complement its network presence in the U.K. Recent purchases at lofty valuations have included John de Mol’s Talpa Media, “Teen Wolf” producer DiGa Vision and “Pawn Stars” producer Leftfield Pictures.

Weinstein Co. has ramped up its TV activity in the past few years both in the scripted and unscripted arenas. The company’s active roster includes Lifetime’s “Project Runway,” VH1’s “Mob Wives,” National Geographic TV’s “Southern Justice” and TLC’s “Welcome to Myrtle Manor.” Weinstein Co. is also behind Netflix’s “Marco Polo” drama series and two upcoming limited series: WGN America’s “The Ten Commandments” and NBC’s “The Reaper.”

News of the prospective Weinstein-ITV deal was first reported by the Hollywood Reporter.

More TV

  • Shari Redstone Joe Ianniello

    Shari Redstone, Joe Ianniello in Spotlight as CBS and Viacom Pursue Merger Talks Again

    As CBS Corp. nears a formal acquisition offer for Viacom, the actions of two key players — controlling shareholder Shari Redstone and acting CBS CEO Joe Ianniello — will be closely watched in the coming weeks. Redstone’s moves are under scrutiny because of the potential for litigation surrounding a deal that some have criticized as [...]

  • The Frontier

    Conecta Fiction: Project Pitches Prizes Passed Out in Pamplona

    On Wednesday evening the Spanish city of Pamplona was overrun, not by bulls, but by hopeful TV creators who had spent the early week pitching their projects at Conecta Fiction, and who anxiously waited to find out the titles which would take home silverware. Meanwhile, “Monzón,” a Disney-Pampa-Incaa production portraying the tragic violence of Argentine [...]

  • The Rain Season 2

    'The Rain' Renewed for Third and Final Season at Netflix

    The Danish Netflix original drama “The Rain” has been renewed for a third season, which will also be the show’s last. Netflix made the announcement in a tweet sent out Wednesday. The series is Netflix’s first Danish original series and takes place six years after a brutal virus carried by the rain wipes out almost all [...]

  • John Magaro Nikolaj Coster-Waldau Lola Kirke

    'Game of Thrones' Star Nikolaj Coster-Waldau Among Six Cast in FX Pilot 'Gone Hollywood'

    Nikolaj Coster-Waldau is going Hollywood. The “Game of Thrones” star is among six who have been cast to lead the FX pilot “Gone Hollywood,” which hails from Scott Rudin. Set in 1980, “Gone Hollywood” centers on a group of talent agents who defect from an old-guard percentery to found their own, which skyrockets to industry dominance, [...]

  • Tim Robinson Sketch Series I Think

    'I Think You Should Leave with Tim Robinson' Renewed for Season 2 at Netflix

    Netflix has ordered a second season of the sketch comedy series “I Think You Should Leave with Tim Robinson.” The first season saw Robinson and a few of his famous friends navigate awkward workplace drama, host an intervention in a Garfield themed house, talk their way out of a babysitter’s fake hit and run, and [...]

More From Our Brands

Access exclusive content