Lionsgate TV, BBC Ink Co-Financing Scripted Partnership (Exclusive)

THR 100 List 2017 - Kevin Beggs-Getty -H 2017
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Lionsgate Television and BBC Studios Los Angeles are going into business together.

The companies have signed a first-look, co-financing agreement to identify and co-develop scripted formats and original intellectual property for the U.S. market.

As part of the pact, BBC Studios and Lionsgate TV will create original series and draw upon formats from the BBC catalog. The BBC Studios unit in L.A. — known for HBO's The Night Of and ABC's Dancing With the Stars — will provide premium content for broadcast, cable and subscription streaming services. The deal provides Lionsgate with premium content and BBC Studios with Lionsgate's experience in delivering scripted offerings to U.S. viewers (including Mad Men, Orange Is the New Black and Nashville).

"BBC Studios productions is known for showcasing the best content with British DNA. We’re looking forward to this creative partnership with Lionsgate Television to more readily bring this to the U.S. audiences, and beyond," said Matt Forde, managing director of international production and formats at BBC Studios.

Added Lionsgate TV Group chairman Kevin Beggs and Lionsgate TV Group president Sandra Stern: "We’re incredibly excited by the opportunity to marshal our complementary resources and expertise to continue to bring the globally renowned BBC brand to the U.S. market."

BBC Studios was formed in April when it merged with BBC Worldwide. The company has offices in 22 global markets and makes more than 2,5000 hours of content a year.

The pact provides Lionsgate TV with a plethora of formats and IP as it continues to grow its roster to compete with traditional studios like Universal TV and Warner Bros. TV.

Lionsgate's Beggs and Stern as well as BBC Studios's Forde and CEO Tim Davie orchestrated the deal.