‘Conversations With Friends’ Producer Element Pictures Sells Majority Stake to Fremantle
Manori Ravindran International EditorIn another major M&A coup, Fremantle has taken a majority stake in Irish production company Element Pictures, the producers of “Normal People,” “Conversations With Friends” and “The Favourite.”Element Pictures has grown to become one of Europe’s top drama producers, and is managed by co-founders Ed Guiney and Andrew Lowe, with offices in Dublin, London and Belfast.The deal was spearheaded by Fremantle group COO and continental Europe CEO Andrea Scrosati and Lorenzo De Maio, of De Maio Entertainment. The deal represents continued investment in European drama from Fremantle, which is owned by Germany’s RTL Group.