Procacci takes 29% share in U.K. outfit
LONDON — Italian producer Domenico Procacci has acquired a 29% stake in Civilian Content, the publicly listed parent of U.K. lottery franchise the Film Consortium and sales house the Works.
Procacci’s Fandango paid around £850,000 ($1.53 million) for the stake, which it bought from Civilian founder Richard Thompson. Thompson has severed links with the company, using the receipts from the sale to repay his debts to Civilian.
Procacci is a longtime ally of Civilian managing director Chris Auty, so the deal cements Auty’s position.
Fandango steps out
Fandango is one of Italy’s most successful production outfits. Since its 2001 hit “The Last Kiss,” the company has launched a distribution arm, a publishing division and an Australian production venture.
Unlike other Italian producers who tend to co-produce with France and Spain, Procacci has always preferred partners from English-speaking territories such as Australia, the U.K. and Ireland.
The Civilian deal takes him a step further in his involvement with English-language co-productions, giving him a significant stake in a respected London-based sales company. The Works, headed by Aline Perry, is already handling Procacci’s latest Italian pic, “Remember Me.”
Neither Procacci, Auty nor Thompson could be reached for comment.