Fri, 07 Jun 2024 | BUSINESS SALE
Caryn Mandabach Productions (CMP), the production company behind popular TV drama Peaky Blinders, has been acquired by Banijay UK. The deal will involve founder Caryn Mandabach pivoting to a new first-look development and producer arrangement with Banijay under her newly-formed Conduit Productions business.
The agreement sees CMP’s back catalogue and slate of projects transfer to Banijay UK, with the buyer managing all future content, including series, spin-offs and brand ventures, relating to the intellectual property. This includes the recently announced Peaky Blinders movie, green lit by Netflix, for which Mandabach is attached as producer, alongside Steven Knight, Guy Heeley and lead actor Cillian Murphy.
Post-acquisition, CMP will continue operating under the new name Garrison Drama, with Creative Director Jamie Glazebrook remaining in post. Existing and new programmes produced by Garrison Drama will be distributed by Banijay Rights.
The transaction was orchestrated by Patrick Holland for Banijay UK, part of Banijay Entertainment. Simons Muirhead Burton LLP steered the deal to its conclusion, under the instruction of Banijay UK general counsel Jacqueline Moreton.
Banijay UK Chief Executive Patrick Holland commented: "We are so excited to be announcing that Caryn's company, CMP, is being fully acquired by Banijay, and are delighted that she's agreed to a separate development deal with us, and we look forward to future collaborations.”
"Steve has plans for future chapters of the Peaky Blinders universe and CMP's other development projects will also come to Banijay as part of the deal. Jamie Glazebrook will continue to work across this slate."
The deal comes during a time of growing M&A activity in the UK’s film and TV industry, which is being driven by factors including the UK’s emergence as a film and TV production hub, the rise of streaming giants such as Netflix and inbound investment into the industry from US buyers.
Find out more about M&A in the UK's film and TV production industry
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