Argonon aims to generate $162 mil a year
U.K. shingles Leopard Films and Remedy Prods. have teamed up with the aim of creating a new “superindie group” operating on both sides of the Atlantic.
The wannabe is called Argonon Group and hopes to have annual revenue of £100 million ($162 million) within five years, delivered by both inhouse progams and growth via acquisition in Blighty and elsewhere.
Financial backing is being provided by private equity coin.
Argonon will be led by Leopard topper James Burstall.
Leopard’s portfolio spans factual, factual entertainment, drama, comedy and children’s fare, and it has a U.S. arm based in New York.
Remedy specializes in fare aimed at teen audiences. The two shingles are believed to have a joint revenue of £17.5 million ($28.3 million).
Remedy has already bowed Remedy Canada, based in Vancouver, where it intends to tap into and develop relationships with local talent.
Leopard Intl. will rebrand as Argonon Intl., and will be responsible for all the entity’s global distribution activities.