The Guardian has reported that Danny Fenton and Kevin Utton, founders of UK-based Zig Zag Productions, have bought the company back from Paris-based Banijay Entertainment. According to the Guardian piece, a Banijay affiliate will still hold international distrib rights to several Zig Zag productions, and Fenton is quoted as saying that Banijay and Zig Zag were able to ‘negotiate a mutually acceptable arrangement that works for both companies. We thank Banijay for its support over the last nine months, and look forward to continuing to working together on the distribution of our shows.’
Banijay’s acquisition of Zig Zag was finalized in January of this year and included the prodco’s U.S. offices as well as digital arm HooHah. The acquisition marked Banijay’s entry into the UK production arena. We’ll have more news on this story as it develops.