All3Media is closing a deal to acquire Sam Mendes’ Neal Street Productions. A deal is expected to close within days for the company, which Mendes founded in 2003 with former BBC Drama commissioner Pippa Harris and theater veteran Caro Newling. Neal Street has been for sale since last November, when Mendes and his partners had reportedly put a $60 million price tag on the company.
Though launched as a film, theater and TV company, Neal Street has enjoyed its most profitable returns thanks to its lucrative TV series including Penny Dreadful for Showtime and Sky Atlantic; and Call The Midwife.
The deal is All3Media’s first since it was acquired in May last year by John Malone’s Discovery Communications and Liberty Media. Neal Street will join Company Pictures and Bentley in the All3Media stable, as well as the newly launched drama division of Studio Lambert.
Reps for both Neal Street and All3Media declined to comment. Mendes is in the latter stages of filming the latest James Bond film Spectre with Daniel Craig.
Broadcast first reported the news.