7th Apr 2015 05:55
LONDON (Alliance News) - ITV PLC is understood to be in talks to acquire the television arm of film production company The Weinstein Co in a deal that would be worth up to USD950 million, The Times reported on Tuesday.
The deal, if completed, would include an upfront payment of up to USD400 million, the paper said, citing reports in The Hollywood Reporter, with further payments based on future growth to potentially double the total consideration.
The Weinstein Co television arm is behind reality show Project Runway, along with Marco Polo for Netflix and the upcoming BBC co-production War and Peace.
http://www.thetimes.co.uk/tto/business/industries/media/article4403970.ece
By Sam Unsted; [email protected]; @SamUAtAlliance
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