Making its first move into the TV business, Lionsgate UK has taken a 25% equity stake in indie Kindle Entertainment. A BAFTA-winning producer, Kindle makes drama and comedy series across family, kids, primetime and young adult. Among its credits are 2012 Sky/Syfy mini Treasure Island; Henry Winkler series Hank Zipzer; and interactive mystery Dixi.
The move for Lionsgate UK comes as the British arm of the indie giant has lately been expanding its distribution business and increasing investment in local film and creative talent. The company said earlier this year that it will finance and co-invest in at least 25 British films over the next four years.
"We're thrilled to be in business with the incredibly talented team at Kindle Entertainment and excited to explore new creative opportunities together as we begin to build our Lionsgate television brand in the UK and look to replicate the success of our film business," says CEO Zygi Kamasa. "Our new strategic partnership broadens and deepens our support of British filmed entertainment, continues the diversification of our business and capitalizes on the momentum already established by Lionsgate's growing worldwide television operations."
The company recently had a big opening with Oscar contender Brooklyn and has set an April 1 release for Dexter Fletcher's Eddie The Eagle.
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