The company, which also owns stakes in businesses including Alex Gibney’s Jigsaw Productions, has purchased a stake in the business alongside Scottish media bank Noble Grossart and British broadcaster C4. Kew has also taken the option to acquire a controlling stake in the company but has not disclosed how much it paid, saying it was “not seen as material from Kew’s perspective”.
This comes after Two Rivers Media scored its first commission, Children of the Devolution, a BBC Scotland documentary series celebrating the 20th anniversary of the opening of the Scottish parliament.
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The company will produce factual, daytime series and features, entertainment shows and scripted with Mick McAvoy, former head of Documentaries and Factual at STV Production, heading Two Rivers’ factual business.
Alan Clements, CEO of Two Rivers Media, said, “I am delighted to be launching Two Rivers Media, especially with the backing of three such blue-chip investors. Companies have launched with an international backer, an expert finance team or Channel 4 but never with all three. We share an exciting vision for our production company that is proudly Scottish, but also focused on the UK and international markets.”
Steven Silver, Kew Media Founder and Chief Executive Officer, said, “Kew’s interest in Two Rivers Media demonstrates the continued expansion of our international footprint, as well as our commitment to a broad range of content created by some of the best talent in our industry. We’ve found incredible creative and business partners in Alan Clements, Noble Grossart, and Channel 4.”
Sir Angus Grossart of Noble Grossart, said, “We are delighted to be a part of this very strong partnership, and to work with proven talent of high quality.”
Jonathan Allan, Chief Commercial Officer of Channel 4, added, “We are thrilled for the Indie Growth Fund to become a part of the Two Rivers Media story. As we prepare to open new creative hubs in Glasgow and Bristol, and a new national headquarters in Leeds, this investment is a further example of Channel 4’s commitment to nurturing and supporting the creative industries in the nations and regions. Alan’s reputation in the industry is second to none, and I am looking forward to seeing the shows that he creates.”
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