ITV plc, the U.K.’s biggest commercial broadcaster, agreed to acquire a controlling stake in Leftfield Entertainment Group for $360 million to become the largest unscripted independent producer in the U.S.

ITV, whose shows include “X Factor” and “Downton Abbey,” will pay the amount in cash for an 80 percent stake in Leftfield, the London-based broadcaster said in a statement today. The acquisition, which will add to earnings immediately, has gained regulatory approval, ITV said.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.