All3Media Acquires Sam Mendes' U.K. Production Firm Neal Street
The U.K. production firm jointly owned by Discovery and Liberty Global had been in advanced talks to buy the London company behind such TV shows as 'Penny Dreadful' and such films as 'Jarhead.'
U.K. production firm All3Media, which is jointly owned by Discovery Communications and Liberty Global, has agreed to acquire Skyfall and Spectre director Sam Mendes’ U.K. production company Neal Street Productions.
No price tag was provided for the deal announced Tuesday.
The producer of such films as Jake Gyllenhaal Gulf War drama Jarhead and such TV shows as Call the Midwife and Penny Dreadful put itself up for sale last year with a target price tag of around $60 million (£40 million). The London-based company has also handled such theater productions as Shrek and Charlie and the Chocolate Factory.
"Neal Street is a fabulous company and it’s wonderful to welcome them to the All3Media Group," said All3Media CEO Jane Turton. "They have an incredibly strong slate of market-leading TV, film and theatre shows and I look forward to working with Pippa [Harris], Sam, Nick [Brown] and Caro [Newling] and the Neal Street team as they grow their business, in the UK, the US and overseas."
In statement Neal Street said it was "thrilled" to be joining All3Media. "There has never been a more exciting time to be making high quality, popular drama, so to find a partner who understands our work across film, theater and television, and who can help guide and support our growth is exactly what we had hoped for," it added.
The privately held company was created in 2003 by Mendes, Harris and Newling.
Last year, Discovery and Liberty Global acquired All3Media. ITV, Sky, Sony and others had been seen as possible buyers of Neal Street as well.