'Super-indie' gains funds for TV content
EmptyLONDON -- Netherlands-based TV production outfit D&D Media has teamed with British-based counterpart Amaze TV to form an expansion-hungry "super-indie" backed by £185 million ($377 million) in private-equity financing.
With funding from London-based Palamon Capital Partners and production bases in Belgium, France and Germany, the as-yet-unnamed joint venture aims to create a global media group along the lines of Endemol and Fremantle that is capable of producing and distributing drama and entertainment content worldwide.
Amaze TV founder Remy Blumenfeld, creator of risque formats like "There's Something About Miriam," in which straight guys unknowingly date a transsexual, will be the group's chief creative officer. He joins D&D co-founders Marc Dullaert and Paul Dumas on the executive board.
The producer also aims to launch operations in Scandinavia and South Africa by year's end through buyouts and partnerships.
Palamon, a midmarket private-equity specialist with about €1.1 billion ($1.6 billion) under management, made its first investment in media in June with its acquisition of a majority stake in D&D, a specialist in advertiser-funded content and interactive entertainment.
"We will effectively be creating a holding company of creative talent that will be able to collaborate and share ideas," Blumenfeld told trade paper Broadcast.
"This is about having global vision that will eventually see us having production partners around the world."