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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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