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Fremantle takes 25% stake in drama indie Corona

Fremantle takes 25% stake in drama indie Corona
Seb Smith
12 February 2015

FremantleMedia has acquired a 25% stake in newly-created drama indie Corona Television.

The deal allows FremantleMedia a first-look option on all output from Corona TV, which focuses on projects with a cinematic feel that can attract international co-production funding.

Founders Richard Johns and Rupert Jermyn recently formed Corona TV, a sister company of their film production outfit Corona Pictures, and already have a number of projects ready to go.

FremantleMedia and Corona have previously worked together to develop a TV adaptation based on Wilbur Smith’s Birds of Prey series. Johns and Jermyn have 25 years of filmmaking experience between them and their credits include Truth or Dare and The Liability.

The duo commented on the deal saying: “This move gives Corona Television the strategic financing, distribution and marketing firepower most drama producers can only dream of, allowing us to tell stories for TV on a truly global scale.”

FremantleMedia’s director of global drama Sarah Doole brokered the contract and said: “We’ve looked at their production slate and they have some exciting ideas which are ripe for international co-production funding.”

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