Cutforth (pictured, right) and Lipsitz (left) founded Magical Elves in 2001, and the company was acquired in 2014 by UK-based TV content supplier Tinopolis Group.
The producing partners have chosen to return to their roots as independent producers, leaving Magical Elves in the hands of Tinopolis USA, the U.S. subsidiary of Tinopolis Group.
They will work closely with the Tinopolis team on a coordinated transition to ensure optimal care of all Magical Elves shows, including Top Chef and Project Runway for Bravo, Nailed It and Sugar Rush for Netflix, Braxton Family Values for WE tv and Cold Justice for Oxygen, among others.
Tinopolis USA chairman Arthur Smith, CEO of A. Smith & Co. Productions, will have oversight of Magical Elves after the transition.
“It would have been hard to imagine when we started the company that we’d be this fortunate with our partners and collaborators, from incredibly smart and supportive distribution partners, and amazing talent, to a gifted team of producers, production staff and employees — and of course the team at Tinopolis,” said Cutforth and Lipsitz in a joint statement. “We’re proud to have created a culture of collaboration and risk-taking, so core to the success of the work we all do. As independent producers, we’re excited to continue telling stories that showcase extraordinary, creative people and innovative voices. We are grateful to Tinopolis for being great partners on every front, for their consideration in respecting our choice, and for working with us on a transition that puts our shows and talent first.”
“Tinopolis is home to many of the industry’s most successful and respected producers, in the U.S. and across the globe, and Dan and Jane have been tremendous contributors since our acquisition of Magical Elves in 2014,” added Tinopolis Group founder and chairman Ron Jones and CEO Arwel Rees. “Against the backdrop of a continually evolving business, they have consistently helped us deliver thousands of hours of quality content as part of a world-class team. Dan and Jane’s creativity and professionalism have been their hallmark and those values will continue to be nurtured within Magical Elves through this transition and beyond.”