REG - STV Group PLC - STV Studios boosts expanding producer portfolio

STVAnnouncement

09/03/2022 07:17

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RNS Number : 1120E  STV Group PLC  09 March 2022

 

07:01, Wednesday 9 March

 

STV Studios boosts expanding producer portfolio

STV Studios acquires stake in Mighty Productions and extends Tod Productions
partnership

STV Studios today announces that the entertainment / factual entertainment
production company, Mighty Productions, will become the 9(th) label in its
expanding portfolio; and that the business has extended its exclusive
partnership with scripted producer, Tod Productions, for a further three
years.

STV Studios has acquired a minority stake in Glasgow and London-based, Mighty
Productions. Through the deal, STV will have the opportunity to increase its
position to a majority interest over time.

Mighty was created by Lynn Sutcliffe and Hugh Rycroft, who have been involved
in developing and producing some of TV's biggest hits including The Weakest
Link, !mpossible and Tipping Point.  They have recently delivered a new quiz
format for Channel 4 presented by Dara Ó Briain, called One and Six Zeros;
are executive producers on an eight-part dating format for NBC Universal-owned
streamer, Peacock, called Ex Rated; and have produced a raft of factual
entertainment series for the BBC Scotland channel.

STV Studios also confirmed today the extension of its exclusive development
and co-production deal with Tod Productions.  Tod is owned by highly
respected producer, Elaine Collins, who was responsible for hit detective
drama, Vera, and BBC One drama, Shetland.  The partnership was formed in
2017.

David Mortimer, MD of STV Studios, said: "I'm so excited to welcome Mighty
Productions to the STV Studios family. Lynn and Hugh bring with them a proven
track record in returnable, high impact entertainment formats and, with bases
in Glasgow and London, are strongly positioned to address the growing market
for nations and regions production.  I'm also thrilled that we will continue
to work closely with Elaine Collins and her team at Tod Productions, who have
an incredible development slate with a number of projects at advanced states,
so we're really excited about what's around the corner for this talented
indie."

"Our strategy of investing in small, dynamic production companies which share
our values, creativity and enthusiasm for original high-quality shows, is
paying off, with great creative and commercial progress being made across all
labels."

Lynn Sutcliffe and Hugh Rycroft of Mighty Productions said: "We are totally
delighted to be joining STV Studios for the next leg of the Mighty
adventure.  We have known David for a long time and believe that he will be a
great collaborator - we're also overjoyed to finally have some height in the
Mighty mix.  Our amazing team up in Glasgow, headed by the fabulous Kirsten
Highet and her right-hand development woman Kim Winston, are also thrilled
about this move."

Elaine Collins, MD of Tod Productions, said: "I'm delighted to be extending my
partnership with STV Studios for another three years.  It's been an
incredibly supportive and empowering company to work with and has enabled us
to build a slate that we're proud of.  We're all excited at Tod about the
journey ahead with our good friends in STV Studios."

STV Studios portfolio includes in-house teams, STV Drama, STV Entertainment,
STV Factual; entertainment and fact ent specialists, Primal Media, Barefaced
TV and Hello Mary - and now Mighty Productions; and scripted producers, Two
Cities and Tod Productions.

Ends.

For more information, please contact Kirstin Stevenson, STV on 07803 970106 /
kirstin.stevenson@stv.tv

 

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