×
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

  • 'Death Stranding' is a 'Playground of

    'Death Stranding' is a 'Playground of Possibilities,' Will Make You Cry

    The Thursday evening conversation between game-making auteur Hideo Kojima and “Walking Dead” actor Norman Reedus about highly-anticipated PlayStation 4 game “Death Stranding” was filled with interesting anecdotes, but little in the way of hard fact. Instead, Kojima made a promise of sorts to the audience and seemingly fans everywhere waiting for more news on the [...]

  • Ariana Grande Olivia Munn Michael Che

    Celebrities vs. Critics: Why This Battle Has No Winners (Column)

    When actor Olivia Munn tweeted a “short essay on…ugly behaviors” late Wednesday night, she insisted that a blog had been unfairly maligning her for years. She wrote that she wanted to confront the idea that baseless critiques, particularly those aimed at women, are never okay no matter how famous the target may be. On the [...]

  • ‘Peaky Blinders’ Virtual Reality Game in

    ‘Peaky Blinders’ Virtual Reality Game Will Pitch Players Into the Action

    “Peaky Blinders” fans will be able to join the gang – virtually – in a new VR game that will allow players to interact with characters from the hit series. Start-up immersive studio Maze Theory teamed with the show’s producers and is making the game, which will launch in 2020. Artificial intelligence technology means characters [...]

  • TV News Roundup: HBO's 'Deadwood: The

    TV News Roundup: HBO Releases 'Deadwood: The Movie' Trailer

    In today’s TV news roundup, HBO released the trailer for the “Deadwood” film, and CNN announced a premiere date for “Apollo 11.”  DATES The documentary “Apollo 11” from director/producer Todd Douglas Miller will premiere on CNN Sunday, June 23 at 9 p.m. Using only archival sources, the film captures NASA’s 1969 Apollo 11 mission. FIRST [...]

  • shannon ryan

    Shannon Ryan Joins Disney TV, ABC as Marketing Chief

    Former Fox Television chief marketing officer Shannon Ryan has been tapped as the new president of marketing for ABC Entertainment and Disney Television Studios. The announcement was made by Karey Burke, president of ABC Entertainment, and Craig Hunegs, president of Disney Television Studios, to whom she will report. Rumours had been circling for a while [...]

  • Dan Lin's Rideback, MRC Announce Writers

    Dan Lin's Rideback, MRC Announce First Class of Writers and Mentors for TV Incubator

    Rideback, Dan Lin’s production company, and MRC have announced the inaugural class of writers and mentors for their TV incubator.  The new TV writers residency program, which was launched in February, offers a paid, eight-month residency program to a group of writers who have each previously been staffed on series and want to create their [...]

More From Our Brands

Access exclusive content