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Lionsgate UK acquires stake in Potboiler Television
MUMBAI: Diversified filmed entertainment company Lionsgate UK took another step in ramping up its television business as it announced an equity investment in Andrea Calderwood and Gail Egan’s new television drama company, Potboiler Television.
Lionsgate will partner with the renowned producers on their expanding television slate and has also signed a first-look deal for global distribution of Potboiler’s television product.
The deal marks the latest step in the continued global expansion of Lionsgate’s television business. In the UK, the company has recently invested in production companies Primal Media & Kindle Entertainment, co-financed the Channel 4 comedy ‘Damned’ and hired ITV executive Steve November as UK Television creative director.
The investment into the new television arm Potboiler Television builds upon the relationship between Lionsgate and Potboiler Productions, who have collaborated on several successful film projects including Alan Rickman’s film ‘A Little Chaos’, starring Kate Winslet and Matthias Schoenaerts, ‘Trespass Against Us’, a feature film slated for March 2017 release in the UK starring Michael Fassbender and Brendan Gleeson, and ‘A Most Wanted Man’, starring the late Phillip Seymour Hoffman and Rachel McAdam, released in the US in partnership with Lionsgate’s sister company Roadside Attractions.
Lionsgate’s European office CEO Zygi Kamasa, commented, “Lionsgate UK has a reputation for boldly supporting British product and talent, investing more in its home territory than any other distributor. This partnership with Andrea and Gail, two renowned film and television producers, and the Potboiler team deepens that commitment and extends both companies’ diversification into scripted television product created for a global audience.”
“Potboiler is an acclaimed film brand now bringing its focus to thought-provoking and entertaining television dramas with world-class talent. This deal is a perfect example of the building blocks Zygi Kamasa and his team are assembling as they develop a robust television business alongside their premier film brand. We look forward to collaborating with them in creating premium quality programming for audiences in the UK, the U.S. and around the world,” said Lionsgate Television Group Chairman Kevin Beggs.
“We’re proud to grow our relationship with Zygi Kamasa and the Lionsgate UK team, with whom we’ve partnered on a number of successful films, as we grow the new television company and to leverage the great talent relationships we have in common. Lionsgate and Potboiler have similar entrepreneurial cultures and a shared vision of the opportunities that lie ahead of us in reaching a global television audience,” said Calderwood and Egan.