Michael Benaroya & Darryl Taja Launch Indie TV Studio, Commit $50M To Produce 4 Series

EXCLUSIVE: Film financier and producer Michael Benaroya (Kill Your Darlings, Margin Call) has teamed with veteran manager-producer Darryl Taja to form an independent television studio, Revolution Media. It will borrow from the Benaroya Pictures financing model and will finance TV shows as an independent studio using a mix of equity, foreign presales and tax credits after securing a domestic broadcaster. Revolution has committed up to $50 million for the production of four series over the next year, with plans to start production on the first series in the beginning of 2015. Revolution, which will operate out of the Benaroya Pictures offices in Beverly Hills, will focus on packaged projects with showrunners and talent already attached. The focus will be on edgy hourlong dramas, which travel better internationally, though the company plans to also produce comedies. It already has acquired a drama and a comedy and is in the process of attaching talent and meeting with broadcasters. “This represents the launch of a financing model for TV that I’ve been interested in for a couple years,” said Benaroya. “And now, having all the pieces come together, with a great partner, great projects and an in-house sales team, I feel that we are uniquely well positioned to execute this model and take top quality scripted content directly to series.” Independent companies that employ the direct-to-series model in the U.S. include Gaumont International TV, Entertainment One and MRC. (more…)

This article was printed from https://deadline.com/2014/06/michael-benaroya-darryl-taja-launch-indie-tv-studio-commit-50-million-to-produce-4-series-791832/