You will be redirected back to your article in seconds

France’s Newen Group Launches $55 Million Investment Fund for British Drama

France’s Newen Group has launched a new €50 million ($55 million) investment fund focused on acquiring British drama, the company announced Monday. The “Versailles” producer, which is the leading French TV production and distribution business of European media group TF1, looks to build a strong presence in English-speaking content with the fund.

The new scheme will be operated from a new London office of Newen Distribution, the company’s international distribution business, investing in high-end scripted series from British production companies. Julien Leroux will head up the new London operation as executive vice president of sales and content development.

Newen is looking to partner on three to four scripted series, either returning shows or miniseries, and plans to make “significant investments” to support producers’ projects from early development to deficit funding. Its investment will be supported by the company’s international sales unit in Paris with a strong emphasis on global marketing.

“We believe that it is the perfect time to be proactive in the U.K. offering producers cash at an early stage, rapid decision-making and privileged access to major Continental European markets, as well as our strong worldwide trading relationships,” said Malika Abdellaoui, managing drector of Newen Distribution. “We want to apply Newen’s successful entrepreneurial spirit to the U.K. distribution and co-production market.”

Abdellaoui said Newen was ready to take risks and was open to different kinds of partnerships that could “create a special route between Europe through core territories such as France, giving access to more financing and broadcasters at a very early stage.” He also said that, thanks to the company’s existing production pipeline, it would be able to offer U.K. production partners “far more than just investment.”

Newen has also set up an advisory board to support the launch of the investment fund.

Fabrice Larue, CEO and chairman of Newen Group who will also serve on the advisory board, said the company’s ambition was to establish a global presence, co-producing and co-financing internationally focused, high-quality content.

“The U.K. creative industries are highly attractive, brimming with talent across the production spectrum,” said Larue. “By offering high-quality content from the U.K., our goal is to reinforce our presence in the international market.”

Newen’s previous productions include the English-language historical drama “Versailles” (pictured) and International Emmy Award-winning French-language crime drama “Braquo.” Newen Distribution closed the first-ever sale of a non-English language prime-time drama series to the BBC in 2006 with another crime drama, “Spiral,” which was also the first non-English language series sold to Netflix for the U.S. in 2011. Its recent International Emmy winner “Witnesses” became the best exported French show of 2015, selling to more than 70 countries. Newen recently worked to scoring the commission of Netflix’s second original French production, “Osmosis,” which was announced last week. 

More TV

  • WGA Agents Contract Tug of War

    Hollywood Agents, Writers Guild Make Little Progress in Talks

    Leaders of Hollywood agencies and the Writers Guild of America made little progress in Tuesday meeting to negotiate proposed rule revisions to how agents represent writers. The WGA said after the meeting — the fifth since Feb. 5 — that talks would resume later this week but did not give a specific day. “The Agencies [...]

  • THE MASKED SINGER: L-R: Monster (T-Pain)

    New-Model Murdochs: Fox Corporation to Emerge Tuesday

    A new era for the Murdoch clan and the media business begins with the debut of Fox Corporation on Tuesday, a day before Disney completes its acquisition of 21st Century Fox. The new-model Fox will begin trading Tuesday on the NASDAQ under the FOXA symbol. On Tuesday, 21st Century Fox will initiate a complex transfer [...]

  • Chilling Adventures of Sabrina

    TV News Roundup: Netflix Drops 'The Chilling Adventures of Sabrina: Part 2' Trailer (Watch)

    In today’s TV roundup, Netflix has dropped the first trailer for “The Chilling Adventures of Sabrina: Part 2” starring Kiernan Shipka, and former “O.C.” star Rachel Bilson has been cast in Fox’s drama pilot “Lovestruck.” CASTING Former “O.C.” star Rachel Bilson is set to play the female lead in Fox’s new drama pilot “Lovestruck.” The [...]

  • Ron Howard and Brian Grazer

    Imagine TV Sets 'Mindscaping' as First China Series (EXCLUSIVE)

    Imagine Television is developing “Mindscaping,” a 24-episode science fiction series written by Oscar Yang (“Medical Examiner Dr. Qin,” “The Ten Deadly Sins”). The series is the first Chinese-language series developed by Imagine Television, part of Brian Grazer and Ron Howard’s Imagine Entertainment group, for a Chinese audience. The show is pitched as an original sci-fi [...]

  • "The Bow Tie Asymmetry" - Pictured:

    Pilot Season 2019: Multi-Camera Comedies Remain in High Demand

    For the second pilot season in a row, multi-camera comedies have proven to be a hot commodity. The Big 4 have collectively ordered 28 comedy pilots this year, including two animated straight-to-series orders at Fox. Of those 28, 12 are single-cams and 13 are multi-cams (including one multi-cam hybrid at ABC and two at CBS). [...]

  • Contract Placeholder Business WGA ATA Agent

    Hollywood Agents Warn of Losses to Writers Without Packaging Fees

    The bitter war of words between Hollywood agents and writers continues. Agents are warning that the Writers Guild of America’s proposed elimination of television packaging fees will hurt writers to the tune of $49 million annually in commissions. Sources close to the Association of Talent Agents said Monday that the L.E.K. consulting firm has estimated   [...]

More From Our Brands

Access exclusive content