CAMBRIDGE, England (Reuters) -Jeff Zucker, the chief executive of Abu Dhabi-backed RedBird IMI, said Britain’s regulation of media and financial markets was deterring investment and holding back economic growth.
RedBird IMI bought Britain’s All3Media, the producer of hit TV show “The Traitors,” last year for 1.15 billion pounds ($1.43 billion).
It also agreed to buy Britain’s Daily Telegraph newspaper in 2023, but it scrapped the deal after the government intervened to stop foreign states owning newspapers. RedBird Capital Partners, one half of the joint venture, took control of the title earlier this year.
“The regulatory environment here has to change if the UK is going to continue to thrive,” Zucker said at the Royal Television Society’s Cambridge Convention on Wednesday.
He said ch