Discovery Communications and Liberty Global have finalized their joint acquisition of global content creator and TV distributor All3Media.

All3Media group consists of 19 production companies across Europe and the U.S., and was previously owned by its founders and the Permira funds.  Discovery Communications and Liberty Global have committed to All3Media's creative autonomy and continued focus on serving its diversified customer base globally. Preserving its federal operating model, All3Media will continue to operate as it does today, with an independent executive management team.

“All3Media is a production powerhouse, with a unique ability to attract, foster and retain some of the best creative minds in the business. For nearly 30 years, Discovery has invested in high-quality content and today’s deal furthers that commitment,” says David Zaslav, president and chief executive officer, Discovery Communications. “Discovery has a proven track record of nurturing creativity and building scale across the world. Working with our valued partner Liberty Global, we will focus on empowering All3Media to continue innovating and delivering even greater stand-out content to its clients and partners across the globe.”

Farah Ramzan Golant, chief executive officer of All3Media, has stepped down, having completed her role in securing the successful sale of the company to two long-term strategic global shareholders. A global search for a new CEO will begin immediately. Jane Turton, current chief operating officer, has been promoted to managing director of All3Media and will oversee the transition period. 

Additionally, the co-founders of All3Media, Steve Morrison, Jules Burns and David Liddiment, are retiring from the company’s board of directors. Morrison will serve as a special advisor to the joint venture’s board of directors, which will have equal representation from Discovery Communications and Liberty Global.