trending Market Intelligence /marketintelligence/en/news-insights/trending/1DCc0NMJyrjM32wh_ytpkA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Scotland's STV Productions takes 25% stake in drama producer

TMT News & Research: 2020 Recap


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic

Scotland's STV Productions takes 25% stake in drama producer

STV Productions Ltd. acquired a 25% stake in drama producer Two Cities Television for an undisclosed sum.

The television production arm of Scottish broadcaster STV Group PLC will be able to boost its stake in Two Cities to a majority interest over the next three years. British Broadcasting Corp. unit BBC Studios Ltd. is exiting Two Cities as part of the deal.

The transaction will also allow STV to provide creative and financial support to Two Cities, which is seeking to expand its U.K. and global footprint. Two Cities, which produced Sky Atlantic and CBS Showtime-commissioned "Patrick Melrose," is currently developing several drama series.

STV Productions previously took a majority stake in unscripted producer Primal Media Ltd.