RCS - STV Group PLC - Channel 5 Commissions new daytime series from STV

STVAnnouncement

27/06/2022 07:30

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RNS Number : 1990Q  STV Group PLC  27 June 2022

Monday 27 June 2022

 

Channel 5 Commissions new daytime series from STV Studios

·    New series comprises 80 x 60" episodes of The Great Auction Showdown
with Paul Martin

·    Latest in a series of high value commissions, following C4's
recommission of drama Screw, and new 8-part crime thriller for Apple, Criminal
Record, announced last week

·    Reminder: STV will hold a Capital Markets event focused on STV
Studios today at 2pm

Channel 5 has announced a new series commission which forms part of the
channel's expansion, bringing original programming to daytime. The Great
Auction Showdown with Paul Martin (working title) (80 x 60") is to be produced
by STV Studios in Scotland, commissioned by Commissioning Editor,
Non-Scripted, Channel 5/Paramount+ Adrian Padmore for Channel 5. Executive
Producers are Rosy Marshall-McCrae and John Redshaw for STV Studios.

The Great Auction Showdown with Paul Martin will play out stripped across the
week, where much-loved antique dealer, Paul Martin, will go head-to-head with
a rival expert as they compete to make the most at auction in a fun, yet
fiercely competitive new format.  Filmed throughout the country, each episode
will see the competing experts take part in a number of entertaining
'challenges' before auctioning their goods at the end of each day. From
persuading the public to let them sell their beloved family heirlooms, to
beating the clock, and discovering the towns' most valuable items, to standing
on the rostrum and convincing the public to part with their hard-earned cash -
who will be crowned Britain's best auctioneer of the week?

Craig Hunter, Creative Director of Factual at STV Studios, said: "We're
thrilled to be partnering with Channel 5 for this fun and competitive new
format. Paul is the consummate host and pitting him against new experts each
week promises to be a fast paced and energetic showdown.   We can't wait to
see what the public challenge Paul and his rivals to sell."

Adrian Padmore, Commissioning Editor, Non-Scripted, Channel 5/Paramount+
added: "I am really excited to be launching this new and exciting auction
series and to have the expertise of Paul Martin on board. It is going to be
very competitive, gavels at the ready!"

This announcement follows recent news of a recommission for STV Studios from
Channel 4 for a second series of prison drama, Screw; and a commission for STV
Studios and Tod Productions from Apple TV+ for an eight-part drama, Criminal
Record. On Monday 20 June, STV Group plc provided updated guidance advising
that the business now produces 9 returning series (up from 4 in 2020) and
would exceed its stated 3 year-target to more than quadruple production
revenues to £40m by the end of 2023 compared to the baseline year of 2020
(£8.7m).

There will be a virtual Capital Markets Event focusing on STV Studios at 2pm
today, Monday 27 June. If you would like to attend please email
angela.wilson@stv.tv. Materials presented during this event will subsequently
be made available in the Investor Relations section of the STV website.

 

For more information, please contact:

Camarco:

Ben Woodford, Partner, Tel: 07790 653341

 

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