Shanghai - copy
Integrity
“Success doesn't come to you, you go to it”
Marva Collins

INTEGRITY

EXCELLENCE

INSIGHT

London
Excellence
“There are three ingredients in the good life: learning, earning and yearning.”
Christopher Morley

INTEGRITY

EXCELLENCE

INSIGHT

Los Angeles
Insight
“Success often comes to those that have the aptitude to see way down the road”
Laing Burn Jr

INTEGRITY

EXCELLENCE

INSIGHT

New York
Insight
“There is only one success - to be able to spend your life in your own way”
Christopher Morley

INTEGRITY

EXCELLENCE

INSIGHT

Toronto
Integrity
“When you believe you can do anything, all of a sudden windows of opportunity will open where before there were only walls.”
Stephanie Kathany

INTEGRITY

EXCELLENCE

INSIGHT

previous arrow
next arrow

June 2013 – Broadcast article: ITV buys Hatfields & McCoys producer

19 June, 2013 | By Lisa Campbell

ITV has acquired its third American indie, paying $30m (£19m) for a controlling stake in Hatfields & McCoys producer Thinkfactory.

The broadcaster has bought a 65% of the US indie and has a “put and call option” to buy up the remainder of the company, which can be excercised after three years. Any further payments will be linked to the performance of the company.

LA-based Thinkfactory was founded by Leslie Greif and is known for creating programming in a wide-range of genres, from features and mini-series to unscripted series, docs and music specials.

The deal comes hot on the heels of other recent acquisitions for ITV, including last month’s $25m (£16m) investment for a 60% stake of Cake Boss producer High Noon and April’s acquisition of UK producer The Garden, for which it paid £18m in cash with an unstipulated further cash payment over the next five years.

In December, ITV acquired a 61.5% stake in fact-ent specialist Gurney Productions, the indie behind A&E’s reality hit Duck Dynasty, for $40m (£24.5m).

This latest deal marks the first time ITVS has opted for a multi-genre producer in the US rather than a reality and entertainment specialist.

Hatfields & McCoys was a breakout hit for the History channel in the US, with over 17m viewers tuning in to the premiere. The Kevin Costner-fronted series is the highest-rated mini-series on cable since 1998 and spawned a two-hour documentary on the history of the Hatfields & McCoys, as well as an hour-long behind the scenes show.

Thinkfactory has produced a raft of content for other major cable networks including A&E, Lifetime, TLC and VH1. The indie is currently in production on the seventh season of Gene Simmons Family Jewels for A&E and Prank My Mom for Lifetime, as well as the recently announced R&B Divas for TVOne.

It is the sixth ITV indie acquisition in less than a year, with each of the deals being brokered by About Corporate Finance.

Commenting on last month’s US deal ITV chief executive, Adam Crozier said: “A key part of our transformation plan is to create a strong international content business.”