'Orphan Black' Producer Buys Stake in Cartoon Studio
Temple Street Productions is investing in Industrial Brothers to expand its worldwide distribution slate.
Orphan Black producer Temple Street Productions on Monday said it has invested in cartoon producer Industrial Brothers to expand its worldwide distribution slate.
Financial details weren't disclosed, but Temple Street, which produces the Tatiana Maslany-starrer Orphan Black for BBC America and Space in Canada, said it acquired a "significant" minority stake.
The strategic investment in Industrial Brothers comes on the heels of Temple Street's decision to sell a 51 percent stake in itself to Fairfax Financial, the investment entity of Prem Watsa, the billionaire who has been called the "Canadian Warren Buffett." The indie has already made a successful foray into youth programming with The Next Step, a scripted series about elite dancers for the Family Channel.
Temple Street’s distribution division will handle Industrial Brothers’ sales of content, merchandising and licensing, and the producer's in-house digital team will partner with Industrial Brothers on developing interactive apps and gaming content. The Canadian producer earlier expanded in the U.S. and internationally, including inking a worldwide content deal with Netflix for the Lost & Found Music Studios series.
The announcement was made by John Young, Temple Street managing director, and Matthew Fernandes, president and co-founder of Industrial Brothers.