Exclusive: Channel 4-backed Two Rivers Media, a major player in the Scottish TV production game, has bought back its stake from initial backer Noble Grossart, the merchant bank. CEO Alan Clements has taken a majority share.
Noble supported Two Rivers with an undisclosed investment when the indie was launched in 2019 by former Stv Studios boss Clements and increased its number of shares when Two Rivers broke away from troubled Canadian outfit Kew Media in 2020. It ceased to be a person with significant control last week, according to Companies House documents.
Channel 4 remains the sole investor with a 17 stake in the company, which is part of its Indie Growth Fund.
A spokesperson for Two Rivers confirmed the news.
“Two Rivers Media confirms that Alan Clements has acquired Noble Grossart Investment’s interest in the company,” he said. “Alan expresses his thanks to Noble Grossart for the role their investment has...
Noble supported Two Rivers with an undisclosed investment when the indie was launched in 2019 by former Stv Studios boss Clements and increased its number of shares when Two Rivers broke away from troubled Canadian outfit Kew Media in 2020. It ceased to be a person with significant control last week, according to Companies House documents.
Channel 4 remains the sole investor with a 17 stake in the company, which is part of its Indie Growth Fund.
A spokesperson for Two Rivers confirmed the news.
“Two Rivers Media confirms that Alan Clements has acquired Noble Grossart Investment’s interest in the company,” he said. “Alan expresses his thanks to Noble Grossart for the role their investment has...
- 7/26/2022
- by Max Goldbart
- Deadline Film + TV
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