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The media sector continues to see consolidation and the emergence of strategic partnerships led by advances in content and technology.  Media companies are increasingly looking at joint ventures as a means of keeping up with the rate of change in this sector and of sharing the costs and other risks in a highly competitive market. 

Media companies are experiencing a gradual shift towards new media, as the sector explores how to develop further the opportunities offered by the internet. As a result there are an increasing number of new entrants into the market. 

Our service 

We advise listed and unlisted UK and international media clients on the full range of corporate transactions. 

With expertise and experience ranging from large and complex domestic and cross-border transactions, cutting-edge joint venture projects, through to smaller private company acquisitions and disposals, our approach is proactive and commercial. 

Throughout the transaction process, from advising on optimum deal structures through the due diligence process and negotiation to post-completion integration, we believe in keeping legal issues in perspective and focusing on your commercial objectives. A focused approach combined with our in-depth media sector knowledge, technical expertise and transactional experience helps our clients complete their transactions on the best possible terms. 

Our media corporate finance lawyers provide an integrated service, regularly working with other specialist colleagues across the firm with media sector knowledge, in areas including asset financing, IP, tax, regulatory, technology and real estate. 

On cross-border matters we draw upon sector expertise within our own offices and other overseas lawyers with whom we have previously worked on similar matters. We provide a seamless service taking full account of local issues, both legal and cultural. We can act as lead or local counsel, as appropriate. 

Our lawyers are commercial, solutions-driven and above all client-focused in their approach so you can be sure we will work with you to make your transaction a success. 

Our experience 

We have advised on a number of highly significant and cutting edge transactions. We have been at the forefront of some of the major developments in the media sector, such as the establishment of the ground breaking YouView joint venture, for which the firm was awarded "TMT Team of the Year" at the 2011 Legal Business Awards. 

Legal 500 UK 2014 describes our top ranked Media Finance group as providing 'an excellent level of service'; ‘somebody is always on hand to respond to issues, drafts are turned around quickly, and the advice is solid'.


Notable deals/highlights 

  • Advised a consortium of broadcasters and internet service providers comprising the BBC, ITV, Channel 4, BT, TalkTalk, Arqiva and Channel 5 on the ground breaking IPTV joint venture, youview (formerly known as Project Canvas).

  • Advised BBC Worldwide on its disposal of an 85% interest in BBC Audiobooks and on its acquisition of the outstanding 50% interest in Top Gear.

  • Advised NBC Universal International Limited on the establishment of a new television production company, Working Title Television, a joint venture with Eric Fellner and Tim Bevan of Working Title Films.

  • Advised the shareholders of Ragdoll Worldwide, the owner of the Teletubbies, In the Night Garden and other children's programmes, on its sale to Canada's DHX Media.

  • Advised EMG Exclusive Media Group on the acquisition of the entire issued share capital of Icon Entertainment International and Majestic Films from Icon UK, including Icons 200+ film library.

  • Advised BBC Worldwide on investments in, and exits from, independent TV production companies including Left Bank Pictures and Big Talk Productions.

  • Advised on the purchase of Studio 1+1 and Kino television channels in Ukraine from Central European Media Enterprises (a NASDAQ and Prague Stock Exchange listed media concern) for $308 million cash consideration.

  • Acted for the British Broadcasting Corporation for over 30 years on numerous acquisitions, disposals, outsourcings and joint venture deals including the £150m sale of BBC Broadcast Limited and the £166m disposal of BBC Technology Holdings Limited.

Sector spotlight