TV

DCD Rights buys Electric Sky library

UK distributor DCD Rights has acquired the library of programming from distributor Electric Sky and its sister company Electric Sky Productions, both of which are currently in administration. (Pictured: How Cities Work)
January 15, 2015

UK distributor DCD Rights has acquired the library of programming from fellow UK distributor Electric Sky and its sister company Electric Sky Productions, which are both currently in administration.

Electric Sky began the process – which is similar to entering Chapter 11/bankruptcy protection in the U.S. – in November. Collectively, its library contains about 253 hours of content across 50 titles, which include the Fat Doctor series, Sky High Scrapers and How Cities Work (pictured above), as well as a “wide ranging factual catalog of licensed titles from third party producers.”

According to a London Stock Exchange regulatory news release, the library was purchased by parent company DCD Media for £325,000 (US$495,560), and was financed through the company’s major shareholder Timeweave Limited, specifically for DCD Rights.

“We are thrilled to add this extensive library into the growing DCD Rights catalog,” said Nicky Davies Williams, DCD Rights CEO, in a statement. “It brings a broad spread of attractive programming covering all the main factual genres to our existing drama, factual and music catalog.”

David Craven, DCD Media CEO, added: “This shows the continuing commitment of DCD Media and its major shareholder to growing our distribution business and will allow further revenue growth for this division. We hope to make further additions to the catalog over the coming months.”

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