regulation is hampering UK growth

Jeff Zucker, General Manager of Redbird, the UK (Reuters) -SU Dabi -backed Redbird II, said that England has deterred the investment of media and financial markets and has taken back economic growth.

Last year, Redbird II acquired the All3media of Britain, the producer of the Hit TV show for 1.15 billion pounds ($ 1.43 billion) ($ 1.43 billion).

He also agreed to buy the Daily Telegraph newspaper in 2023, but the government scrapped the agreement after foreign states intervened to stop having newspapers. Redbird Capital Partners, half of the joint attempt, took over the control of the title earlier this year.

“If the UK will continue to develop, the regulatory environment here should change.” He said.

He said that the change is not only in the media arrangement, but also on the London Stock Exchange, where public offering is at the lowest level of 30 years.

“London is not the place we want to do, because we intend to invest in companies that we want to grow and perhaps we want to be open to public.”

“All3 we want to continue to grow, we want to think about the larger companies that can eventually open to the public, but the regulatory environment and London stock exchange change unless there are rules around the capital, I do not think this is something we want to do.”

In July, the UK’s financial regulator said it would facilitate some regulatory rules to facilitate the money they need for companies to grow.

Zucker said that the quality of British creativity is unique and that its content is traveling globally, but the regulatory barriers stopped “we fold us to three here”.

Redbird Iimim, British publisher ITV has made early talks to buy studio business, the sources told Reuters in January, but no agreement did not occur.

Zucker said the TV production would reinforce, but he didn’t talk about possible goals.

“I think there will be consolidation in the long run in this business, it should be,” he said.

(Reporting by Paul Sandle. Editing by Jane Merriman)