Liberty Global believes it is very important to get access to local content, according to Jim Ryan, its senior VP and chief strategy officer.
As such, the recent acquisition of All3Media – it entered into a 50/50 joint venture with Discovery Communications in May to buy the company from its founders and the Permira funds for £550 million – is “a perfect investment for us”.
He added that Liberty Global is not only looking at further acquisitions but also partnerships and commercial relationships.
It has repositioned its content strategy into production, sports, OTT and broadcast.
Liberty has recently been linked with a bid for Formula One and Ryan said that sport is a very good asset for a pay-TV company.
He also said that it has no plans to increase its 6.4% stake in ITV.
Interest in the broadcaster was also dismissed earlier in the conference by Chase Carey, president and CEO of 21st Century Fox.
