Warner Bros. Takes Full Control of U.K. TV Production Arm
LONDON — Time Warner's Warner Bros. has agreed to acquire full control of U.K. TV production arm Shed Media Group, which is being renamed Warner Bros. Television Productions UK.
In 2010, Warner Bros. paid around $89 million for a 55.75 percent stake in Shed, the company behind such shows as Supernanny and Who Do You Think You Are?
Financial details on Warner's deal to buy the remaining stake weren't disclosed. Shed is one of Britain's largest production companies and consists of such labels as Wall to Wall (which produces The Voice U.K. for the BBC), Twenty Twenty Television, Ricochet, Watershed Television, Renegade Pictures, Yalli and Headstrong Pictures.
Shed Media CEO Nick Southgate is stepping down once the deal is completed, with Nick Emmerson and Claire Hungate promoted to lead the new entity. Emmerson will serve as managing director and report to WBTVG president and chief content officer Peter Roth. He will also work closely with Mike Darnell, president Warner Bros. unscripted and alternative television.
Hungate was named co-managing director, serving as the company's top business, strategy, finance and operations executive. She will report to Emmerson and work closely with Ronald Goes, executive vp and head of international television production.
Said Emmerson: "I'm delighted to get the opportunity to focus on giving the hugely talented and creative leaders of Wall to Wall, Ricochet, Twenty Twenty, Renegade, Watershed, Headstrong and Yalli all the tools they need to do what they do best — make great television programs. I couldn't be happier that I'll be joined on this mission by Claire Hungate. I first worked with Claire back in our Princess Productions days, and I know from experience that she's the first name you'd want on your team sheet."
Roth, Warner Bros. Worldwide Television Distribution president Jeffrey R. Schlesinger and Warner Bros. Television Group business and strategy president Craig Hunegs said: "We are excited to operate the company now under the Warner Bros. brand as a fully integrated part of the Warner Bros. Television Group. Nick and Claire, with their shared experience and complementary creative and strategic business skill sets, will form an undeniable team and prove to be great leaders for the future of Warner Bros. Television Productions UK. We look forward to continued success across the globe with the combination of our U.S., UK and international television production businesses, including the recently acquired Eyeworks Group and the BlazHoffski Group."