IM Global Television has boarded Entertainment One’s diamond-trade drama Ice, making an equity investment in the first season of the series, which premiered November 16 on AT&T’s Audience Network. IM Global will own worldwide rights to the show jointly with eOne, as eOne, which started global sales of the series at MIPCOM last month, handles international distribution on behalf of the two partners.
Produced by eOne and Fuqua Films, Ice focuses on the treacherous and colorful world of diamond traders in downtown Los Angeles. The series follows the Green family as it plunges into the underbelly of the L.A. diamond trade. It stars Ray Winstone, Jeremy Sisto, Cam Gigandet and Donald Sutherland. Antoine Fuqua directed the premiere episode and serves as executive producer along with Robert Munic, who also wrote the script. Jim Manos serves as showrunner.
IM Global Television — a joint venture of IM Global, its majority shareholder Tang Media Partners and Chinese Internet giant Tencent — will make the investment via its dedicated $100M television production fund, arranged by TMP this year in tandem with the Tencent investment in the production joint venture.
“Ice is exactly the caliber of high-end, major-talent-driven episodic series we set up our financing fund to invest in,” IM Global Founder and CEO Stuart Ford said, “and we’re delighted to be partnering with a powerhouse independent like Entertainment One in the project hopefully as a template for other potential co-investments together on their shows or ours.”
The deal was negotiated for IM Global by Ford and General Counsel Deborah Zipser with eOne Television Chief Operating Officer Jeff Lynas and SVP of Business and Legal Affairs Dina Appleton.