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Tag: Alastair Waddington

  • IMG acquires production firm Tiger Aspect

    IMG acquires production firm Tiger Aspect

    MUMBAI: IMG Media has announced that it will acquire the London based production firm Tiger Aspect Productions.

    The acquisition includes Tiger Aspect’s subsidiaries Tigress (adventure and wildlife producer), TTP (Washington DC-based US production company) and Tiger Aspect Pictures.

    IMG Media, a division of sports, entertainment and media firm IMG, will finance the acquisition entirely with capital from parent company IMG. The Tiger Aspect acquisition is part of IMG’s strategic growth plans.

    It will also enable IMG Media to become for the first time, a multi-genre market leader. IMG Media says that its subsidiaries TWI, the world’s largest independent producer and distributor of sports programming, and high-end factual specialists Darlow Smithson Productions (Touching the Void, I Shouldn’t Be Alive, Seconds From Disaster, The Falling Man), put it at the forefront of global high-end factual production.

    For Tiger Aspect, the agreement enhances its position as one of the top global multi-genre production companies, giving it access to new opportunities via a greater global presence, intellectual property within the group and new technologies.

    Tiger Aspect brings with it key strengths across a wide range of programming including animation and children’s, comedy, drama, entertainment, and a broad range of factual output. It also produces wildlife programmes (through Tigress) and has a movie unit which has produced hits ranging from Billy Elliot to Kevin and Perry Go Large.

    Key to the acquisition is Tiger Aspect’s reputation as a creative independent producer with a proven track record of producing hits across all genres, both within the UK and overseas. The company has a growing annual output of more than 220 hours and an annual turnover of more than 50 million pounds. In addition to its London HQ and Bristol office, it has an established production base on the east coast of America.

    Tiger Aspect’s programme portfolio includes comedies like The Catherine Tate Show, The Vicar of Dibley, Mr Bean. Currently in production are new series of BBC shows Charlie and Lola and detective drama Murphy’s Law. Tiger Aspect has also done factual series like The Monastery.

    IMG chairman and CEO Ted Forstmann said, “IMG today is in an exceptionally strong financial position. As a result of unprecedented internal growth, we are now able to make investments in any of the areas in which we do business. We already have a major presence in worldwide distribution, rights management, and New Media. The Tiger Aspect acquisition will immediately help us grow content production and distribution. We welcome Tiger Aspect and its people into the IMG global family.”

    IMG Media executive VP and COO Alastair Waddington said, “Tiger Aspect’s acquisition realises IMG Media’s long-held ambition to become a multi-genre producer, and we look forward to Tiger Aspect’s continued success and growth, while maintaining its distinctive identity as a producer of top quality programming.”

    Tiger Aspect founder and chairman Peter Bennett-Jones said, “This is a red letter day in the distinguished history of Tiger Aspect. We are immensely proud of our output and this deal will enhance our ability to make many more memorable programmes for broadcast in the UK and around the world through IMG’s extensive international structure. It will also open up new media opportunities and introduce new markets and creative relationships.”

  • TWI to acquire independent production firm Darlow Smithson

    TWI to acquire independent production firm Darlow Smithson

    MUMBAI: Sports content producer and distributor TWI has acquired the London based factual independent production company Darlow Smithson Productions (DSP).
    TWI, will finance the acquisition entirely with capital from parent company IMG. The acquisition significantly expands TWI’s non-sports production output, enabling it to become a market leader in high quality factual programming, as part of its continuing growth strategy.

    For DSP, the agreement enhances its position as one of the top global factual production companies and gives access to new opportunities and new technologies.

    Key to the acquisition is DSP’s outstanding worldwide reputation as an innovative, factual programming leader, delivering ground-breaking documentaries, series and docu-dramas with a growing annual output of more than 100 hours and an annual turnover of £20 million. In a global peer poll just released, DSP has been named as one of the seven most notable companies in the world in non-fiction production, selected for its inspirational and trendsetting programmes.
    DSP’s programme portfolio includes multi episode returning series I Shouldn’t Be Alive (Channel 4, Discovery US), Seconds From Disaster (NGC/NGCI) and Channel 4 documentaries The Falling Man, Blitz: London’s Firestorm and The Somme. DSP’s Touching the Void was the UK’s most successful ever theatrical documentary.

    TWI senior VP production and business development Alastair Waddington said, “We are delighted to acquire such a prestigious company as Darlow Smithson Productions, whose reputation in the factual arena inspires admiration all over the world. The respect that DSP commands from global broadcasters and clients is reflected in its growing stature, increased turnover year on year and more than 25 international awards to date. DSP harnesses some of the industry’s most creative and technical talent, and we look forward to its continued success and growth, while maintaining its distinctive identity as a producer of top quality programming.”

    DSP executive chairman and creative director John Smithson said, “This is an exciting opportunity for us at the right time in the growth of our company. The Darlow Smithson name remains – same people, same creativity, same editorial standards. But going forward, it will bring much more. TWI and IMG Media will provide us with an extensive international structure to help us grow DSP, including areas like new media where it has significant experience, strengthening our relationships with clients and enhancing our creative development.”

    IMG chairman and CEO Ted Forstmann said, “IMG is already a major player in worldwide distribution, rights management and multi-platform exploitation including new media, and the acquisition of Darlow Smithson Productions will enhance the company’s global assets and help us achieve our growth ambitions. Going forward, we are prepared to invest in development and production of content, and intend to pursue additional innovative business partnerships in order to maximise those goals.”