London and Los Angeles-based multi-platform media company Lightbox is to exit from Channel 4′s Indie Growth Fund.
Launched 2014, the Indie Growth Fund was designed to provide additional support to the British indie creative sector by providing access to funding for indies based in the UK to help them grow and develop their business.
Lightbox was one of the first companies to join C4′s Indie Growth Fund when the venture was first created. Now, the Diana and LA 92 producer has agreed to buy back its shares from the British pubcaster for an undisclosed amount.
The move comes after the Indie Growth Fund recently announced it had invested in two indies: David DeHaney’s Proper Content and London’s Yeti Productions.
Lightbox co-founders and cousins Simon Chinn (pictured left), a two-time Academy Award-winning producer, and Jonathan Chinn (right), a two-time Emmy Award-winning producer, will now take full control during its next stage of growth.
During the period of the Indie Growth Fund’s investment, Lightbox has more than tripled in size and has established itself as a highly successful production company creating and delivering award-winning, high profile content for cinemas, broadcasters and streaming platforms in the U.S. UK, and worldwide.
Since its founding in was November 2013, Lightbox has built an acclaimed production portfolio that includes such feature documentaries as National Geographic’s Emmy Award-winning LA 92; the Grammy-nominated feature documentary Whitney, which premiered at Cannes ’18; Netflix’s Tell Me Who I Am; BBC2 and Hulu’s Untouchable: the Rise and Fall of Harvey Weinstein; Nat Geo’s Torn; and Tina, the anticipated theatrical release about Tina Turner.
The company’s unscripted series output includes recent and forthcoming productions such as: FX’s Hip Hop Uncovered; Showtime’s Supervillain; Nat Geo’s Return to the Moon; and Netflix’s Sophie’s Story (w/t), Diagnosis and Murder Mountain, all for Netflix.
“We’ve really enjoyed working with Jonathan and Simon over the past six years and it’s been wonderful to see their business flourish into a multi-award-winning independent TV and film production company,” said Caroline Murphy, Channel 4′s head of the Indie Growth Fund, in a statement. “They are supremely talented filmmakers and now seems like a natural time for them to take full ownership of the company. We wish them every success as they embark on the next stage of their journey.”
“We have greatly valued our partnership with Channel 4 and the Indie Growth Fund, which has enabled us to achieve our ambitions to grow our business substantially, and to establish our brand, in the first phase of Lightbox’s evolution,” added the Chinns. “We are grateful to Alex Mahon, Martin Baker, Caroline Murphy and the whole team at the IGF for their enduring support over the past six years and are hugely excited about what lies ahead as we take Lightbox to the next level.”