Pearson playing Lotto

LONDON – Pearson TV and Mike Medavoy’s Phoenix Pictures are considering a joint bid for a British film production franchise funded by the National Lottery.

A three-strong team of Pearson execs, headed by John Hambley, has been assigned to study the merits of making a bid. Hambley previously coordinated Pearson’s successful application for the U.K.’s Channel 5 broadcasting license.

The idea of pitching for a franchise was suggested to Pearson by Phoenix, which already is shooting one film in the U.K. with lottery backing, Beeban Kidron’s “Amy Foster.”

Pearson owns 15% of Phoenix, and the two companies have a deal to co-produce telepics in Europe.

The deadline for lottery franchise bids is Feb. 28. More than 170 companies and individuals, including Pearson, have notified the Arts Council that they are considering an application for one of the four franchises available.

In total, the four franchises will share about $250 million of production financing for British films from the lottery over six years.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading