Collections specialist Compact Media is launching its first financial investment into original content with Pilot Productions by investing in four episodes of a series being spun off from the “Planet Food” series.
The deal is the first by Compact Media as part of an initiative that will initially focus on up to 20 production investments in original content over the year.
“It’s fitting that as we approach our 20th year at Compact, we have struck our first original content investment deal with a company that was with us from the beginning,” said Compact’s CEO David Johnson. “Pilot Productions represent the same values and high standards that we hold. As proud as we have been to call Pilot a client, it’s even better to be able to call them ‘a partner’.”
Pilot has produced over 500 hours including the “Globe Trekker” series which has been broadcast to 30 million viewers across 40 countries.
“Being such a long term supporter of the work of Compact Media, I’m thrilled that we have managed to strike a deal whereby my team and I are able to complete the productions to the standard we want, knowing that we have a fantastic royalty collections team as a partner,” said Ian Cross of Pilot. “This deal gives us flexibility, peace of mind and a proactive partnership all in one.”
Established in 1996, London-based Compact has a core business of collections in the market for secondary rights — an overall market it estimates at $500 million per year in royalties from private copy, public performance, educational copying, cable and satellite retransmission.
Johnson told Variety early this year that Compact was handling $30 million to $40 million in royalties each quarter.