March 29, 2017
LONDON – Media, technology and IP law firm Wiggin has advised Bad Wolf on its investment from Access Entertainment. The media investment firm run by former BBC boss Danny Cohen, has taken a 24.9% stake in the indie. This investment provides Bad Wolf with further support to further advance its scripted productions, and expand business globally.
Bad Wolf was launched by Jane Tranter and Julie Gardner in 2015 and is currently co-producing the BBC1 adaptation of Philip Pullman’s His Dark Materials with New Line Cinema. Based in South Wales and Los Angeles, the indie has Welsh government backing: Tranter and Gardner were in charge of BBC drama commissioning before moving to the US in 2009, and were responsible for reigniting the Welsh television industry a decade ago with Doctor Who and Torchwood. Through their US production venture, they produced three series of Starz’s fantasy drama Da Vinci’s Demons at Swansea’s Bay Studios.
Corporate group co-head Michael Brader led the team who advised Bad Wolf. 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, most recently advising Parable Ventures and Firecrest Films on their investments from Channel 4, Two Brothers Pictures on its sale to All3 Media and True North Productions on its sale to Sky, Two Halves Pictures on its investment from All3Media and Access Entertainment on the launch of Benchmark Television, a joint venture with BBC Worldwide and Lookout Point.