Shed profits up despite uncertainty

Outfit has a first-look script deal with the Fox

Shed, the British indie that’s making headway into the U.S. market, Wednesday reported its profits nearly doubled for the year through August.

The combo saw profits surge by 94% to £13 million ($24.7 million) for the year to the end of August on sales of $82.6 million — up 69 %.

Shed CEO Eileen Gallagher said the results were above expectations and came despite uncertainty caused by two of its long-running shows, “Footballers’ Wives” and “Bad Girls” being axed by ITV, Blighty’s biggest private terrestrial web.

Across the Atlantic, Shed recently sold 100 hours of women’s prison skein, “Bad Girls” to cable web Logo and is in discussions with ABC about a U.S. version of “Footballers’ Wives.”

Outfit also has a first-look script deal with the Fox Network and a drama development deal with USA Network.

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