LONDON — The Film Consortium, one of the U.K.’s three lottery franchises, has upped its stake in arthouse pic sales agent the Sales Co. from 25% to 75%.
Deal is a significant step by Film Consortium’s parent company, Civilian Content, toward its goal of integrating production with distribution and financing to create a mini-studio.
Civilian and BBC Worldwide, which holds the remaining 25% stake, plan to invest in expanding the business.
Civilian has paid £250,000 ($360,000) to buy out the 25% stakes of Zenith Prods. and the Film Council. BBC Worldwide has an option to acquire an additional 25% from Civilian.
“Dr. Sleep,” directed by Nick Willing and produced by Michele Camarda, will be the first film co-financed by BBC Worldwide and the Film Consortium, to be marketed by the Sales Co.
Other titles being handled by the Sales Co. include the Film Consortium’s “Dust,” “Gabriel and Me” and “24 Hour Party People.” Recent sales successes include the BBC’s “Liam,” “Last Resort” and “Born Romantic.”