New York-headquartered indie producer-distributor DLT Entertainment has acquired factual and current affairs studio Vera Productions, which will operate as a separate entity under the DLT banner.
Wholly owned by DLT Entertainment, as part of the deal Vera’s MD Geoff Atkinson will remain as CEO, reporting to DLT president Donald Taffner, Jr. Meanwhile, Vera’s development producer Fred Atkinson and Carrie Fletcher, head of production, will also retain their positions. The Vera team will move to the DLT London offices in this month.
Financial terms of the deal were not immediately available.
Vera’s approximately 300-hour portfolio includes numerous Channel 4 Dispatches documentary titles President Trump’s Dirty Secrets, Politicians for Hire and How to Buy A Football Club; Bravo’s Big Trouble in Thailand; and Channel 4 Arts‘ Million Pound Jewellers (pictured).
“DLT are not in the production company aggregation business for growth and this acquisition does not signal a change in that philosophy, but welcomes Vera to the DLT family where we will provide business and financial support while Vera Productions will continue as the production entity for its programs,” said Taffner Jr. in a statement.
“This offers a great opportunity to secure Vera’s future and build on the success we’ve enjoyed over the last 24 years,” Atkinson added. “We have always enjoyed and retained our independence and this sale enables us to maintain that same spirit, but under new experienced owners who share in that vision and who will allow Vera a chance to grow and expand its output and continue to produce quality programming.”