It's Official: U.K.'s Tinopolis Acquires 'Top Chef' Producer
Magical Elves, the U.S. producer of hit format Top Chef, has finalized a deal to be acquired by Britain's Tinopolis Group.
Financial details of the deal weren't disclosed on Monday, but Magical Elves is believed to be worth more than $100 million.
The acquisition is the latest deal by a British TV company for a U.S. production outfit. U.K. TV giant ITV has acquired such U.S. firms as Cake Boss producer High Noon Entertainment, Duck Dynasty creator Gurney and Thinkfactory Media, the firm behind Kevin Costner drama Hatfields & McCoys.
The transaction gives the U.K. producer and distributor with interests in unscripted, scripted, sports and digital a bigger West Coast presence and adds a third independent to Tinopolis’ roster of U.S. companies. It previously acquired A Smith & Co. and Base Productions in 2011.
Other Tinopolis-owned businesses include Pioneer Productions, Mentorn Media, Firecrackers Films and Passion Distribution.
In addition to Top Chef, which airs on Bravo in the U.S., Magical Elves produces Fashion Star and The Real L Word, as well as feature films such as Katy Perry: Part of Me and Justin Bieber: Never Say Never.
When word of the Tinopolis deal first emerged last week, Bravo announced it would bring back Top Chef for a 12th season.