TV

Matchlight execs buy firm from DCD

DCD Media-owned Scottish prodco Matchlight Media, best known for BBC3's Russell Brand: From Addiction To Recovery (pictured), is in the process of a management buyout.
September 2, 2014

DCD Media-owned Scottish prodco Matchlight Media, best known for BBC3′s Russell Brand: From Addiction To Recovery (pictured), is in the process of a management buyout.

The buyers are Glasgow-based Matchlight’s current management team: Ross Wilson, creative director; company MD David Smith and Jacqui Hayden, development director, with Wilson retaining a 48% ownership share while Smith and Hayden receive 26% each.

In a stock market announcement, DCD Media said the sale’s completion, for an undisclosed amount, is subject to numerous conditions. DCD maintains that it will retain a long-term option over the distribution of Matchlight shows once the sale is closed.

DCD Media may have chosen to unload Matchlight in light of the cancellation of its Bridezillas series by U.S. network We TV in 2013. In June, DCD announced it was focusing on its distribution business following the revelation that revenue had fallen by US$3.35 million last year.

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

Menu

Search