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Thread: Studiocanal buys stake in UK Red Production Company

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    Post Studiocanal buys stake in UK Red Production Company

    Studiocanal buys stake in UK Red Production Company

    Pascale Paoli-Lebailly | 05-12-2013

    French film producer and distributor Studiocanal, an affiliate of the Canal+ Group, has taken a majority stake in the UK's indie prodco Red Production Company.

    Following its previous acquisition of German company Tandem Communications, Studiocanal has moved to the UK where it wants to develop its activities and expand within TV production.

    The deal will allow Red Production Company to develop more UK productions as well as initiate international dramas. The company was founded by Nicola Shindler and, along with MD Andrew Critchley, he will continue at the helm.

    Since 1998, Red Production Company has produced some of the UK's most popular drama series such as Queer as Folk for C4, Scott & Bailey for ITV and more recently Last Tango in Halifax, the second series of which returned to the BBC in November.

    "Partnering with Red is a step forward in positioning Studiocanal as a European leader in content production. Thanks to Red and Tandem, Studiocanal will be able to provide broadcasters and platforms with high quality international TV programmes," studio CEO Olivier Courson commented.

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    Re: Studiocanal buys stake in UK Red Production Company

    Studiocanal takes majority stake in Red

    December 5, 2013 09.57 Europe/London By Robert Briel


    Studiocanal has taken a majority stake in one of the UK’s most successful independent producers, Red Production Company.

    Since its creation in 1998 Red has produced drama series: from Queer as Folk for Channel 4, to the ratings-winning Scott & Bailey for ITV and most recently Last Tango in Halifax, which returns to BBC One for a second series this month.

    Red Production Company’s day-to-day operations and productions will continue to be led by Nicola Shindler alongside managing director Andrew Critchley.

    Nicola Shindler, founder and executive producer at Red Production Company, said: “When I first set up Red in the late 1990s I wanted to work with the best writers in the industry to produce the very best drama content. This is still my priority and the day to day running of the company will be unchanged. The significant investment from Studiocanal gives us at Red the opportunity to meet our growing ambitions without compromising the core values of the company. I am looking forward to working with Studiocanal on producing ambitious, daring and engaging content – both in the UK and internationally – as well as accessing their extensive library of film content.”

    Studiocanal, which also has a majority stake in German-based producer Tandem, continues its development into international TV series. The company’s ambition is to replicate the successful business model developed for feature films, for TV series.

    Olivier Courson, chairman and CEO of Studiocanal, said “Partnering with ed is a step forward in positioning Studiocanal as a European leader in content production. Nicola Shindler’s strong track record of developing acclaimed and popular British TV series is the perfect fit for our ambition to develop British and international content out of the UK. Thanks to Red and Tandem, Studiocanal will be able to provide broadcasters and platforms with high quality international TV programmes.”

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