Sony Takes Majority Stake In ‘Alex Rider’ Producer Eleventh Hour Films
01.07.2024 - 09:21
/ deadline.com
Sony Pictures Television (SPT) is maintaining its focus on British TV drama with another big acquisition deal.
The studio has upped its minority shareholding in Alex Rider producer Eleventh Hour Films to a majority stake. Sony had first invested in the British indie in 2018.
Financial terms of the deal weren’t disclosed.
Eleventh Hour will sit alongside fellow UK drama producers Left Bank, Bad Wolf and Eleven in the SPT stable. Along with the shareholder changes, company founder Jill Green will move from her CEO role to become a creative executive producer. She will remain chair, and Eve Gutierrez and Paula Cuddy will become co-CEOs.
According to documents on Companies House, before today’s transaction SPT controlled 22.7% of the shares, with Green owning 43.2%, Gutierrez 14.4%, Cuddy 5.3% and Eleventh Hour Films as an entity the remaining 14.3%. It’s not immediately clear how much Sony will own under the new structure. The studio hadn’t responded for comment at press time.
Eleventh Hour is known for its collaborations with screenwriter and novelist Anthony Horowitz, making his young adult drama series Alex Rider, which has run for three seasons on Amazon services, along with BritBox and Masterpiece series Magpie Murders and its follow-up Moonflower Murders.
The indie producer also made the Edinburgh-set BBC detective series Rebus, Paramount+ UK drama The Killing Kind, which recently launched on Hulu, and is soon to launch its latest Horowitz collab, MGM+ and BBC crime series Nine Bodies in a Mexican Morgue. Further back it made Foyle’s War and Safe House for ITV and New Blood for BBC One.
“Over the past decade, Jill, Eve and Paula have built a remarkable company and it has been a great joy for everyone at Sony to