Sky plc acquired a majority stake in British production company True North and invested in U.K. TV drama production company Chrysalis Vision.

Channel 4 (UK) is exiting its entire investment in True North following Sky's purchase of stake in the indie production company, according to a Jan. 23 news release.

As part of the deal, Sky's production and distribution arm Sky Vision will be the commercial and distribution partner for True North and Chrysalis Vision's worldwide content.

The two production companies' existing agreements with other broadcasters and distributors will remain unchanged.