Paris-based indie Federation Entertainment is expanding its global reach by acquiring a majority stake in French production company Bonne Pioche.
Federation has secured a 51 per cent stake in Bonne Pioche, which will retain full editorial freedom under the deal. The agreement covers all production activities, from development to delivery, as well as back office and international sales.
The two independent companies will share their complementary expertise in production and distribution.
Bonne Pioche, headed by Yves Darondeau (pictured left) and Emmanuel Priou (second from right), is active in the production of documentaries and dramas theatrically and for television, as well as recording live shows, international documentary distribution, and music supervision and publishing. Under the new agreement, Bonne Pioche’s team of 36 permanent staff will remain unchanged, operating from their Paris offices.
The deal is the latest in a stream of global acquisitions for Federation Entertainment, headed by Pascal Breton (pictured right) and Lionel Uzan (second from left). The company recently acquired a majority stake in Robin & Co.
“We are very excited about this new stage in the life of Bonne Pioche,” said Darondeau and Priou in a joint statement. “What drives us is our desire to be as close as possible to the talents we support. Bonne Pioche is defined by our team on one hand and the great diversity of our productions of documentaries, comedies, genre films and shows on the other hand.”
Added Breton and Uzan: “Emmanuel and Yves are true craftsmen. They and their teams are capable of developing the riskiest projects and turning them into success stories like their Oscar for March of the Penguins. This ‘artisan adventurer’ approach is essential for us and responds to the current desire of networks and platforms to share great documentaries, series and cinema films that are increasingly original and ambitious. This is why we are so happy that the entire Bonne Pioche team is joining the Federation galaxy to support the greatest talents in their future projects in France and abroad.”