Media, technology and IP law firm Wiggin has advised Access Entertainment on the launch of Benchmark Television, a joint venture with BBC Worldwide and Lookout Point.
The three firms have launched Benchmark Television to develop high-end British drama from third parties on the scale of War And Peace and The Night Manager, with A-list actors, writers and directors. The ground-breaking new tie-up will give the go-ahead to projects prior to a commission from a broadcaster being received.
Corporate group co-head Michael Brader and Film & TV group partner Medwyn Jones led the team. Wiggin’s role involved advising on the structure the relationship between the parties as well as how the joint venture will finance projects.
Wiggin’s corporate practice is a UK leader in the independent TV M&A and investment transactions market. Brader has advised on over 60 deals in the sector, including Two Halves Pictures on its investment by All3Media, Blueprint Television on its investment deal with Sony Pictures Television, Barcroft Media Group on its investment by Channel 4’s Growth Fund, Neal Street on its acquisition by All3Media, Mammoth Screen on its acquisition by ITV, Blast! Films on its sale to Sky, Endemol Shine on its investment in Douglas Road, Monumental TV on its investment by ITV, and Naked Entertainment and Full Fat TV on their investments by Fremantle.
Wiggin is the UK’s premiere Film and Television practice, having more than 20 dedicated lawyers, acting for many of the leading UK television production companies and US broadcasters producing in the UK and Europe, as well as representing a large number of banks and funds active in the television sector