VH1's Mob Wives Sale "In Progress"

Mob Wives will have a new owner -- and it's the company that produced the recent Mafia with Trevor McDonald two-part series.

What this means for the show and its viewers is open to debate, however, as The Weinstein Company will continue to manage its television division though it is "in the process of selling [it] to ITV, the British broadcaster that has been on a buying spree of late," as The Hollywood Reporter revealed today.

The deal's value could be worth $950 million. It involves an up-front payment of around $400 million with "an escalating package of compensation and bonuses that would nearly triple the initial purchase price," sources told THR.


The Weinstein Company, which hired several TV executives to grow the operation, would continue to manage to television group.

The Weinstein Co. did not respond for comment; an ITV spokesperson said only that: "We do not comment on speculation."

Weinstein co-chairman Harvey Weinstein, renowned for a stream of Oscar-winning films, including this year's The Imitation Game, has prioritized its portfolio of television programs in recent years.