U.K.'s Shed Media acquires Wall to Wall
EmptyLONDON -- Shed Media, the independent production house behind "Supernanny," "Fat March" and "Footballers' Wives" continued its spending spree Thursday, saying it has acquired leading British rival Wall to Wall Prods. for 25 million pounds ($51.2 million).
Shed, which acquired Twenty Twenty Prods. for 19 million pounds ($39.1 million) in September and also owns Ricochet, said that Wall to Wall will be "an excellent fit" for its burgeoning U.K. and stateside business.
"Wall to Wall has some of the most successful television brands around, and Alex Graham, who joins the Shed board with immediate effect, will make a great contribution to growing the group," Shed CEO Eileen Gallagher said.
Added Graham: "What I like about Shed is that it understands that commercial success is built on long-running program brands, and I'm looking forward to playing my part in creating the next generation of hit Shed shows."
Wall to Wall is one of the U.K.'s most respected production companies, creating the hit genealogy show "Who Do You Think You Are?" as well as such factual hits as "Frontier House" and award-winning dramas including "A Rather English Marriage" and "Our Boy."
Founder Alex Graham will reap 5.7 million pounds ($11.7 million) in shares as part of the deal
Shed said that pretax profits totaled 8.5 million pounds ($17.5 million) on revenue of 43.6 million pounds ($89.8 million) for the year through Aug. 31.