Fremantle has acquired a majority stake in Element Pictures, the production company behind the acclaimed series “Normal People,” the upcoming “Conversations With Friends” and the award winning films “The Favourite” and “Room.”
The deal was spearheaded by Fremantle’s Group COO, and Continental Europe CEO, Andrea Scrosati and Lorenzo De Maio, of De Maio Entertainment. For Fremantle, the acquisition furthers their plans to invest in and develop premium production companies and creative talents from around the world. De Maio Entertainment, a Fremantle-backed company, will be a strategic advisor and partner across Element Pictures’ slate.
Last August, Rtl Group announced its aim to increase Fremantle’s full-year revenue target to €3 billion by 2025. The acquisition of Element Pictures forms part of Fremantle’s wider growth strategy to invest in production companies, content and talent.
Element Pictures is managed by co-founders Ed Guiney and Andrew Lowe, with offices in Dublin, London, and Belfast,...
The deal was spearheaded by Fremantle’s Group COO, and Continental Europe CEO, Andrea Scrosati and Lorenzo De Maio, of De Maio Entertainment. For Fremantle, the acquisition furthers their plans to invest in and develop premium production companies and creative talents from around the world. De Maio Entertainment, a Fremantle-backed company, will be a strategic advisor and partner across Element Pictures’ slate.
Last August, Rtl Group announced its aim to increase Fremantle’s full-year revenue target to €3 billion by 2025. The acquisition of Element Pictures forms part of Fremantle’s wider growth strategy to invest in production companies, content and talent.
Element Pictures is managed by co-founders Ed Guiney and Andrew Lowe, with offices in Dublin, London, and Belfast,...
- 5/10/2022
- by Brian Welk
- The Wrap
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