Shed in takeover talks with Warner Bros.
Brit prod'n outfit also owns Twenty Twenty, Wall to WallLONDON -- Warner Bros. is in talks to buy "Supernanny" and "Who Do You Think You Are?" producer Shed Media, the companies said Monday.
Shed, which owns production assets including Ricochet Media, Twenty Twenty and Wall to Wall, has been seeking a buyer for much of the last year. Earlier this month the company said it had walked away from talks with private equity funds Bowmark Capital and Darwin Private Equity but was in talks with another possible suitor.
The move is being handled by Warner Bros. U.K., which recently hired former Tiger Aspect managing director Andrew Zein to oversee its commercial operations and grow its U.K. footprint.
"The independent directors confirm that the company is in discussions with Warner Bros. Entertainment Inc, a wholly-owned subsidiary of Time Warner, working with certain members of Shed management," Shed Media said in a statement. "There is no certainty that an offer will be made nor as to the terms on which any offer might be made."
In a separate announcement, Warner Bros. said it had extended distribution of its WarnerFilms SVOD movie service with LOVEFilm, which will offer Time Warner movies on its video player as well as on BluRay and DVD. WarnerFilms is currently also available on U.K. Digital TV platform BT Vision.