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Sony Takes Majority Stake In ‘Alex Rider’ Producer Eleventh Hour Films

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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%.

Read more on deadline.com
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