×
You will be redirected back to your article in seconds

ITV Takes 65% Stake in ‘Hatfields & McCoys’ Producer

Thinkfactory Media deal worth $30 million

LONDON — ITV has acquired a controlling stake in U.S. shingle Thinkfactory Media, which produces shows such as Kevin Costner starrer “Hatfields & McCoys.”

The acquisition, which sees another significant step in ITV’s strategy for building an international content business, sees ITV pay $30 million for a 65% stake in Thinkfactory Media, with a put and call option to buy the remaining 35% of the company.

The put and call option can be exercised from between three years after the initial deal and at the end of year five, with the total amount paid linked to the performance of the company over that period.

Thinkfactory marks yet another U.S. acquisition for ITV: In May, it bought a controlling stake in U.S. reality producers High Noon Entertainment for $39 million and in December, it acquired 61.5% of U.S. shingle Gurney Prods., best known for “Duck Dynasty.”

And the outfit continues to beef up its ITV Studios America.

L.A.-based Thinkfactory Media was founded in 1992 by Hollywood producer Leslie Greif. Its portfolio includes reality and entertainment shows such as “R&B Divas,” “Preachers’ Daughters,” “Marriage Bootcamp: Bridezillas” and “The Hook Up” as well as a new drama series “Texas Rangers” for the History Channel, which also aired “Hatfields & McCoys.”

“We’re gathering real momentum in building a substantial U.S. presence, which is central to our strategy of creating a strong international content business,” said ITV chief exec Adam Crozier. “The acquisition of Thinkfactory Media is clearly a further significant step forward in achieving that goal.”

Greif said: “While retaining the independent spirit that keeps Thinkfactory Media creative, this relationship not only allows us to continue producing top-quality scripted and unscripted content, but enhances the potential for global distribution and our continued success in the marketplace.”

More TV

  • Markus Stoll (Harry G), Lisa Bitter,

    Amazon Greenlights German Series Starring Comedian Markus Stoll

    Amazon Studios has greenlit a German comedy series titled “The Bedfellow” (“Der Beischläfer”) starring comedian Markus Stoll, who is popular locally for playing a funny guy named “Harry G” who satirizes life in his native Bavaria. Shooting has started in Munich on the six-part series, which is directed by  Anna-Katharina Maier (“Die Klempnerin”) and  produced [...]

  • Former 'Project Runway' Casting Professionals Launch

    Former 'Project Runway' Casting Professionals Launch Vital Casting

    Three former “Project Runway” casting professionals have launched Vital Casting, a woman-led casting company whose mission is to help production companies, networks, studios, and streamers cast unscripted content with a focus on inclusion, equity and diversity in representation. Founders Alissa Haight Carlton, Jen DeMartino, and Rebecca Snavely met as freelance casting directors while they were [...]

  • Front row: CBS THIS MORNING co-hosts

    'CBS This Morning' Brings Audience on Set in A.M. Experiment

    Stay out of Gayle King’s way on Wednesday morning. As the clock approaches 8 a.m. tomorrow,  King and her “CBS This Morning” co-hosts, Anthony Mason and Tony Doukopil, will have to whisk themselves from their home studio to another one at the multi-tiered New York broadcast facility that hosts their program. They will have to [...]

  • Isaac Perlmutter Disney Marvel

    Does Kevin Feige's Marvel Promotion Mean Ike Perlmutter's Endgame?

    Last week’s move giving Kevin Feige charge of Marvel’s television, animation and print editorial operations should come as no surprise. As the architect of the company’s enormous film success, Feige arguably has the most enviable track record of any contemporary entertainment executive. Extending his creative control over more of the Marvel universe seems like a [...]

  • WarnerMedia Ups International Comms Exec Oliver

    WarnerMedia Ups International Comms Exec Oliver Herrgesell (EXCLUSIVE)

    WarnerMedia has upped seasoned communications exec Oliver Herrgesell to become executive vice president of communications for WarnerMedia Sales and International. Gerhard Zeiler, WarnerMedia’s chief revenue officer and president of WarnerMedia International Networks, told staff about the change in a memo issued Tuesday. “Oliver has 20 years of experience as a communications and governmental affairs professional, [...]

  • More Than Half of the World's

    More Than Half of the World's New TV Dramas Hail From China

    More than half of the world’s new TV dramas now hail from China, market research firm Ampere Analysis said Tuesday in a new report on global content production over the past six months. In the last half year, top Chinese broadcasters and OTT platforms have commissioned almost 300 new drama series – as many as [...]

  • Banijay Close to Securing $2.2 Billion

    Banijay Close to Securing $2.2 Billion Deal for Endemol Shine

    Banijay Group is on the verge of sealing a deal for production and distribution powerhouse Endemol Shine, sources tell Variety. Vivendi-backed Banijay and Endemol Shine’s joint owners, Disney and Apollo, are understood to have scheduled a meeting for Thursday after talks accelerated in recent days, with Banijay now on the brink of finally closing a [...]

More From Our Brands

Access exclusive content