ITV To Acquire UK Production Company The Garden For $27M

NANCY TARTAGLIONE, International Editor

ITV is continuing its acquisitions drive, this time at home in Britain. The company is buying independent producer The Garden for £18M ($27.4M) with a further cash payment contingent on profit performance over the next five years. The Garden was launched in 2010 by BAFTA winners Nick Curwin and Magnus Temple; the duo had previously created Dragonfly, which was later sold to Elisabeth Murdoch’s Shine. In December, ITV acquired a controlling stake in Duck Dynasty makers Gurney Productions for $40M and last year it bought Norwegian production company Mediacircus and Britain’s So Television. The deals form part of its five-year Transformation Plan.

The Garden produces Channel 4’s BAFTA-nominated 24 Hours In A&E and The Audience. Its Inside Claridge’s won Best Documentary Series at the Broadcasting Press Guild Awards in March. Its credits also include Seven Dwarves for Channel 4 and BBC Two’s The Midwives and Keeping Britain Alive. ITV Studios, the production arm of ITV, already has a development deal with The Garden and ITV Global Entertainment distributes the majority of the company’s content.

Related stories

‘Duck Dynasty’ Maker Gurney Productions Sells Controlling Stake To ITV For $40M

ITV Orders More ‘Broadchurch’ As Drama Grips Britain Ahead Of U.S. Debut

ITV Reports Earnings Jump, Will Pay $236M Special Dividend

Get more from Follow us on Twitter, Facebook, Newsletter