Prod'n troika taking Shine to next level
EmptyShine Prods., Elisabeth Murdoch's U.K. production company, is poised to almost quadruple in size through the acquisition of three U.K. production companies for £65 million ($127.5 million), it was announced Thursday.
Shine is finalizing the terms of an expansion that will see it acquire "Spooks" and "Life on Mars" creator Kudos Film and TV for £35 million ($68.7 million), "Model Behavior" producer Princess Prods. for £20 million ($39 million) and factual specialist Firefly Prods. for £10 million ($19.6 million).
The deals will grow Shine's annual revenue from £25 million ($40 million) a year to about £95 million ($186.6 million) a year on a pro forma basis.