DCD Rights expands with acquisition fund deal

The independent British distributor will significantly expand its library of factual, scripted and music programming through an investment fund deal with its stakeholder, UK-based holding company Timeweave. (Pictured: Coast Guard Florida.)
October 4, 2012

British distributor DCD Rights has secured a deal with its stakeholder Timeweave to create a fund for the acquisition of third-party distribution rights.

The move positions the independent distributor to build up a “significant library of content,” Timeweave CEO David Craven said in a statement, including the 26 hours of new content the company is bringing to the MIPCOM TV market in Cannes this month.

The first projects acquired under the deal include factual rescue series Coast Guard Florida (pictured) and the second season of Coast Guard Alaska, both of which are produced by U.S. shop Al Roker Productions.

“This fund will be enormously beneficial to increasing our presence in the marketplace as a major distributor and will allow us to expand our footprint in a more aggressive way than previously,” said DCD Rights CEO Nicky Davies Williams.

“Under our previous funding arrangements in place in the last three years, DCD Rights had acquired over 350 hours of programming and the intention is to significantly increase our investment under the new agreement.”

In the past, DCD Rights has used its investment capacity to partner with producers on series such as the Matchbox Pictures-produced scripted drama The Slap.

Timeweave has an investment program to acquire and invest in growth opportunities in specifically targeted sectors, including media.

About The Author
Daniele Alcinii is a news editor at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joined the RS team in 2015 with experience in journalism following a stint out west with Sun Media in Edmonton's Capital Region, and with communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.