Sony Pictures Television (“SPT”) have announced the acquisition of a majority stake in Cardiff-based production company Bad Wolf Ltd, the award-winning production company behind some of the most ambitious and globally-acclaimed dramas in recent years, including His Dark Materials (HBO/BBC), A Discovery Of Witches (Sky), Industry (HBO/BBC), The Night Of (HBO) and I Hate Suzie (Sky). The deal also includes the Wolf Studios Wales sound stage facility in Cardiff and Bad Wolf’s 30% stake in Bad Wolf America LLC.
“We are thrilled to add Bad Wolf to our already incredibly strong portfolio of drama producers in the UK. The business is evolving as audiences everywhere become more attuned to content produced outside of their own cultures. This deal not only speaks to the high quality of talent we are proud to work with but also to our aim to create and deliver the most outstanding UK drama programs to the world.” Ravi Ahuja, Chairman, Global Television Studios and Sony Pictures Entertainment Corporate Development, commented.
Mr. Ahuja explained that the majority stake investment in Bad Wolf is in keeping with SPT’s strategy of expanding its production portfolio and increasing its volume of high-quality IP in recent years. This has included entering children’s programming by acquiring Silvergate Media in December 2019, broadening the company’s capability in sports and live entertainment production with the investment in Whisper Films in February 2020, and moving further into premium scripted with the acquisition of Sex Education producer, Eleven, in June 2020.
“In the blink of an eye, Bad Wolf has established itself as one of the world’s most admired drama producers. The quality of work, breadth of imagination and boundless ambition make it one of the great emerging production houses of our time. Jane and her team have built a tremendous business and established Wales as the home of some of the most fantastic tales of the age and now we aim to help them build still further. We are honoured that they have chosen us as their partner for the next stage of their exhilarating adventure.” Wayne Garvie, President, International Production, Sony Pictures Television, commented.
“The last five years since launching Bad Wolf have been a hugely rewarding experience as, with the support of Access Entertainment, Sky, and HBO, we built a production infrastructure and a creative community based out of Wolf Studios Wales that could compete with any TV production in the world. Sony Pictures Television share our vision for the company going forward, and their immediate understanding and belief in the ethos of Bad Wolf make them the perfect partners for our future. With a forward-looking, global corporation like Sony investing in the future of Bad Wolf and Wales it gives us the ability to reach even greater heights in the years to come.” Jane Tranter, Founder, Bad Wolf, commented