ITV are about to spend a whopping £781 million to own the rights of Talpa Media, which was founded by Big Brother creator John De Mol. The company are the people behind The Voice, I Love My Country and Dating In The Dark.
The company have produced 75 different shows in the last 6 years, the most successful being The Voice which is currently aired in 180 nations. Initially ITV will pay £355 million for the production company and any further payments are dependant on a successful 8-year profit performance.
ITV chief executive Adam Crozier is excited about the deal:
The acquisition of Talpa builds on the success of our international content business and is absolutely in line with our desire to create and own formats that travel. John de Mol and his team have an incredible track record of doing that consistently over many years and I’m delighted to welcome them to the ITV family.This is a great opportunity for ITV to accelerate its progress in building a global content business of scale.
So was Jon De Mol himself:
Of all the potential partners for Talpa, there’s no doubt ITV is the best fit. For Talpa this represents a fantastic opportunity for strong further growth. It also enables me personally to concentrate and focus even more on creating new, groundbreaking content.Advertisement