Broadcast 16th May

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www.broadcastnow.co.uk

16 May 2014

COMMENT

INTERVIEW

BEHIND THE SCENES

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Page 24

Page 28

China: a market hungry for ideas

Britdoc’s Jess Search on opening up the genre

Mr Sloane: the unswinging ’60s

All3 boss hails £550m deal

Farah Ramzan Golant reveals Discovery and Liberty Global’s takeover was sealed in one month BY JAKE KANTER

Farah Ramzan Golant has stressed All3Media’s independence as a creative force while heralding Discovery Communications and Liberty Global’s £550m takeover of the super-indie as a “landscapechanging” deal. All3Media’s chief executive said the two US media giants will put in place checks and balances to “totally and unconditionally” preserve their new asset’s editorial freedom and federal business model. They will also support All3Media in continuing its ‘buy and build’ strategy. Ramzan Golant (below) said Discovery and Liberty Global “had me at hello”, reflecting the speed at which the deal was done. They opened takeover talks on 3 April and announced the deal on 8 May. “I felt immediately they were surefooted, well-informed and transparent about their ambitions,” she told Broadcast. Under the terms of the joint venture, Discovery and Liberty Global will create a new operating company, led by an alliance of executives from the two organisations. Broadcast understands that Discovery Networks International president JB Perrette or Discovery Studios and Production Group president Lee Bartlett are candidates to sit on the unitary board, which Ramzan Golant and the All3Media executive team will report in to. Ramzan Golant confirmed she was committed to All3Media “lock, stock and barrel”, and said she has received written guarantees that it will be free to sell ideas to custom-

Gogglebox: All3Media will retain Channel 4 as one of its 77 UK commissioning relationships

It was time to find a strategic home, rather than a financial home Farah Ramzan Golant, All3

ers of its choosing. She has passed on that reassurance to key broadcasting contacts since the deal was signed. “We’ve got 77 commissioning relationships in the UK alone, and we must have the freedom to take our best ideas to the right home. That is sacrosanct,” said Ramzan Golant.

The super-indie will also be supported in buying up other companies, with Discovery and Liberty Global trusting its expertise in the market. All3Media will continue to focus on its key territories – the UK, US and Germany – but Ramzan Golant hopes that Discovery and Liberty Global’s international footprint will help it “plant flags” in other countries. “It was time for All3Media to find a strategic home, rather than a financial home,” she said, claiming a trade buyer offered more long-

term security than private equity backers, whose business model is predicated on finding a profitable exit strategy. Broadcast understands the takeover has been welcomed by many of All3Media’s creative leaders, who met in a London pub on Monday evening to discuss the takeover. Ramzan Golant said the deal will not trigger any contract changes for leading execs and stressed that the operating companies will be “respected and left to do the right thing”. The chief executive admitted the deal was “leftfield”, given that All3Media and former owner Permira originally held exclusive talks with Fremantle Media, but claimed it would be “transformative” for the industry globally.


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