ZDF Enterprises, the commercial arm of German pubcaster ZDF, has acquired a 32.5% minority stake in London-based producer World Media Rights.
The deal coincides with a board restructure at World Media Rights that will see David McNab joining the company as creative director. McNab’s blue-chip factual credits include Channel 4′s In the Shadow of the Moon; and BBC2′s Secret Universe: The Hidden Life of the Cell and The Planets.
Also joining the company is ZDFE’s VP of corporate and portfolio strategy Tanja Meier-Sieden. The pair will work alongside existing board member and CEO Alan Griffiths.
World Media Rights was founded in 2007 with a focus on factual television and dramatic reconstruction for a range of international broadcasters including Reelz, American Heroes Channel and Netflix. Their production stable includes such franchises as Black Ops (pictured), Air Crash Confidential and Myth Hunters.
ZDFE’s investment in World Media Rights, which marks its first investment in a UK-based production company, is subject to approval by Germany’s federal cartel office.
“We have had distribution mandates of World Media Rights productions for many years and value their creative strength and economical power,” said ZDF Enterprises president and CEO Alexander Coridass in a statement. “Thus, it was simply the next logical step in our partnership to become a shareholder.
“This closer relationship will enable us to jointly produce and market even more outstanding productions for the UK, Germany and the entire world in the future.”
“This investment will help us further our ambitions by producing new types of shows in the factual entertainment space,” added Griffiths.