Scottish broadcaster, STV Group, and Santa Monica-based prodco Kinetic Content have signed a format exchange deal, which will allow the companies to exclusively license each other’s original formats in their respective territories.
The deal gives Kinetic the ability to coproduce for the U.S. all formats owned and controlled by STV Group, including existing and newly-developed formats from the broadcaster’s production arms, STV Productions and Ginger Productions. Likewise, STV will gain the exclusive UK rights to coproduce formats owned by Kinetic Content. The two companies will also work together on formats to pitch to both the U.S. and UK.
Both companies are currently on the hunt for staff to be based in Los Angeles that will work on joint projects for the parties. STV will also have a dedicated staff member in Kinetic’s office.
‘Kinetic is an exciting business with a very talented and experienced team, and we look forward to developing STV’s global presence and sharing formats with them going forward,’ said STV’s director of content Alan Clements.
‘With a passionate team of creative talent and the resources of the most popular commercial broadcaster in Scotland, STV’s unique market position makes them a terrific partner with whom to launch worldwide entertainment properties,’ said Kinetic CEO Chris Coelen.
Kinetic also recently announced a pact involving scripted fare development with Channel 4′s 4Rights in the UK.