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Ten Alps moves into drama with Chrysalis Vision deal

Ten Alps moves into drama with Chrysalis Vision deal
Staff Reporter
27 July 2015

Indie group Ten Alps is pushing into drama production with an investment in drama outfit  Chrysalis Vision.
Chrysalis Vision was set up in 2014 by media entrepreneurs Chris Wright, Luke Johnson and Roger Parry. The company is run by CEO Mick Pilsworth.

Wright and Pilsworth previously ran Chrysalis Television, which developed shows such as Midsomer Murders. Chrysalis Television was sold to All3Media in 2003, forming the cornerstone investment of the superindie group. Luke Johnson is non-executive director of Ten Alps.

Ten Alps will initially invest £50,000 into Chrysalis Vision for a 12% stake. It will then provide £200,000 of “Loan Notes” which can be converted into a shareholding.

Ten Alps will retain an option to make two further investments before 31 December 2018 which would allow it to take a majority share.
Chrysalis Vision has eight drama series on its development slate and says it is working with a number of high profile writers. Earlier this year Chrysalis Vision hired Sue Gibbs as creative director and Clova McCallum as development executive.

Tel Alps CEO Mark Wood will join the Board of Directors of Chrysalis Vision.

Ten Alps’s factual indies include Films of Record and Brook Lapping. It recently acquired Reef Television.
Wood said:  “Ten Alps has already broadened its range of television production through the acquisition of Reef TV, a leader in daytime factual entertainment, completed earlier this month. The investment in Chrysalis Vision enables us to extend that range still further with a low-risk entry into the potentially high-margin drama market. We are backing an impressive and proven team and acquiring a new set of skills and ambitions.”
Wright CBE, Chairman and Founder of Chrysalis Vision comments: “Chrysalis Vision is still at an early stage of developing a range of ambitious projects.  The partnership with Ten Alps will greatly strengthen our economics by sharing a range of facilities and contacts.”

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