‘The Chop’ Producer Big Wheel Restructured After Financial Challenges
deadline.comEXCLUSIVE: Big Wheel Film & TV, the producer behind controversial Sky History series The Chop, has been restructured after running out of funds due to Covid-related challenges and the withdrawal of investment.
The UK outfit, founded by former Sky commissioner James Quinn, entered administration following advice taken and has been sold to a separate production company run by Quinn under a so-called “pre-pack” deal, with all creditors paid in full bar one.
The arrangement allows for a quick sale of a troubled company’s business or assets, meaning Big Wheel was able to continue trading, according to a spokesman.
Big Wheel will sit as a label within Up & Away Film Entertainment, which has a development deal with BBC Studios. Up & Away described the move as a “restructure that has brought both companies under one roof.” Big Wheel appointed administrators in September, according to Companies House documents.
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