×
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

  • 'Saturday Night Live' Stages Mini 'Office'

    'Saturday Night Live' Stages Mini 'Office' Reunion (Watch)

    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 […]

  • 'Saturday Night Live' Takes on Voter

    ‘Saturday Night Live’ Takes Shots at Voter Fraud, Facebook and Nancy Pelosi (Watch)

    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 […]

  • 'Big Mouth' Renewed for Season 3

    'Big Mouth' Renewed for Season 3 at Netflix

    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 […]

  • Channing DungeyWomen In Film Crystal and

    How ABC Pulled Off a Stealth Transition for Channing Dungey and Karey Burke

    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 […]

  • Diego Luna Inclusion

    6 Takeaways From Variety’s 2018 Inclusion Summit

    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 […]

  • Frankie Shaw as Bridgette Bird and

    TV News Roundup: 'SMILF' Season 2 Premiere Date Set at Showtime

    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 […]

  • "The Consummation Deviation" - Pictured: Rajesh

    Live+3 Ratings for Week of Nov. 5: 'Big Bang Theory' Ticks Up

    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 […]

More From Our Brands

Access exclusive content