UK super-indie Tinopolis Group has invested further in the U.S. production landscape with the acquisition of Top Chef prodco Magical Elves.
Magical Elves, headed up by Jane Lipsitz and Dan Cutforth (pictured above), is also the company behind the concert documentary films Justin Bieber: Never Say Never and Katy Perry: Part of Me, as well as such television series as Cold Justice, Braxton Family Values, and The Real L Word.
The LA-based company also coproduced Fashion Star and developed and produced the original Project Runway for several seasons.
Founding partners Cutforth and Lipsitz will continue to head up Magical Elves, and as part of the deal the duo will become shareholders in the Tinopolis Group.
“Tinopolis has a clear strategy to continue building an international media business with a strong and diversified revenue base, producing quality programs in its home territories for the world-wide market,” said Ron Jones, chairman of the Tinopolis Group. “This is another important acquisition for us, strengthening our commitment to U.S.-based production. Magical Elves is a great company with exceptional creative leaders.”
“We’re very proud of the company we’ve built over the last 11 years and today’s announcement marks the next stage of growth and development for us,” said Cutforth.