StudioCanal has taken a majority stake in UK independent producer, Red Production Company.
Since its creation in 1998 Red has produced some of the UK’s most popular and critically acclaimed drama series including Queer as Folk for Channel 4, and the double BAFTA-winning Last Tango in Halifax, which returns to BBC One for a second series this month.
Red Production Company’s day to day operations and productions will continue to be led by Nicola Shindler alongside Managing Director Andrew Critchley.
StudioCanal, which also has a majority stake in German-based producer TANDEM, continues its development into international TV series, strengthening its position as a European leader in content. The company’s ambition is to replicate the successful business model developed for feature films, for TV series.
Olivier Courson, Chairman and CEO of StudioCanal said “Partnering with Red is a step forward in positioning StudioCanal as a European leader in content production. Nicola Shindler’s strong track record of developing acclaimed and popular British TV series is the perfect fit for our ambition to develop British and international content out of the UK. Thanks to Red and TANDEM, StudioCanal will be able to provide broadcasters and platforms with high quality international TV programmes”