Announced
Completed
Financials
Sources
Tags
Private
Completed
United Kingdom
Minority
Single Bidder
drama producer
Acquisition
Friendly
Entertainment
Synopsis
STV Productions, the television production arm of the STV Group, completed the acquisition of a minority stake in Two Cities Television, an independent production company specialising in drama. Financial terms were not disclosed. "This exciting new partnership builds on STV's growing reputation in high end drama following recent successes The Victim and Elizabeth is Missing. Our Two Cities investment will accelerate our growth plan to create a world class, nations-based production business," Simon Pitts, STV Group Chief Executive.
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