December 1, 2021
Digital Media and Media
GCA Altium advises Bad Wolf on its sale to Sony Pictures Television
GCA Altium acted as financial advisor to the shareholders of Bad Wolf, the award-winning production company behind some of the most ambitious and globally-acclaimed dramas in recent years, on the sale of a majority stake in the business to Sony Picture Television.
Bad Wolf was launched in 2015 in Cardiff, UK, by award-winning producers Jane Tranter and Julie Gardner. The company’s productions include His Dark Materials (HBO/BBC), A Discovery Of Witches (Sky/AMC Networks), Industry (HBO/BBC), The Night Of (HBO) and I Hate Suzie (Sky Atlantic).
Recently named as production company of the year at the Edinburgh TV Festival, Bad Wolf was founded to create ground-breaking and ambitious drama for the global TV marketplace, coupled with a firm commitment to cement Wales’ reputation as a centre of excellence for the creative industries. From its headquarters in Cardiff the company has built an international reputation as one of the foremost independent production companies in the UK. In just over five years, the company has produced more than 50 hours of high-quality drama for broadcasters and networks including HBO, BBC, AMC Networks and Sky. Ten seasons of returning programming have achieved global recognition with over 100 nominations and 32 awards won at BAFTA, BAFTA Cymru, RTS, Emmy, Edinburgh TV Festival and the Golden Globe Awards. Enjoying a strong partnership and launched with support from Welsh Government, Bad Wolf has also founded Wolf Studios Wales, a world-class production facility in Cardiff. Bad Wolf America (BWA) was formally set up as a separate US based sister-company in 2019 and Bad Wolf has a 30% stake in BWA. Based in Los Angeles and run by Julie Gardner, Bad Wolf America was founded to create ambitious, imaginative and relevant content for the US and global TV markets.
Sony Pictures Television’s majority stake investment in Bad Wolf is in keeping with the company’s strategy of expanding its production portfolio and increasing its volume of high-quality IP in recent years. The deal also includes the Wolf Studios Wales sound stage facility in Cardiff and Bad Wolf’s 30% stake in Bad Wolf America LLC.
Jane Tranter, Founder, Bad Wolf, said: “The last five years since launching Bad Wolf have been a hugely rewarding experience as, with the support of Access Entertainment, Sky, and HBO, we built a production infrastructure and a creative community based out of Wolf Studios Wales that could compete with any TV production in the world. Sony Pictures Television share our vision for the company going forward, and their immediate understanding and belief in the ethos of Bad Wolf make them the perfect partners for our future. With a forward-looking, global corporation like Sony investing in the future of Bad Wolf and Wales it gives us the ability to reach even greater heights in the years to come.”
Wayne Garvie, President, International Production, Sony Pictures Television, added: “In the blink of an eye, Bad Wolf has established itself as one of the world’s most admired drama producers. The quality of work, breadth of imagination and boundless ambition make it one of the great emerging production houses of our time. Jane and her team have built a tremendous business and established Wales as the home of some of the most fantastic tales of the age and now we aim to help them build still further. We are honoured that they have chosen us as their partner for the next stage of their exhilarating adventure.”