ITV acquires a controlling stake in DiGa Vision

itvITV plc today has acquired a controlling stake in DiGa Vision, the New York based independent producer of reality and scripted programming including Teen Wolf.

ITV will make an upfront cash payment for a 51% stake in DiGa Vision with a put and call option to buy the remainder of the company. The put and call option could be exercised from between 3 and 6 years, with the total amount paid linked to the performance of the company over that period.  The terms of the deal were not disclosed. The company said that the multiple paid is similar to the range paid on ITV’s previous acquisitions.

The acquisition follows ITV’s acquisition in the last 18 months of Gurney Productions, High Noon Entertainment and Thinkfactory Media in the US as well as UK producers The Garden and Big Talk.

UK, London &USA, New York

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