Alan Clements, founder of Glasgow-based indie, Two Rivers Media, is to become majority shareholder in the company following the exit of Noble Grossart, the Scottish investment bank.
Noble Grossart Investments takes investments in mainly unlisted companies where it can “act as a supportive and longer term strategic participant.” It has been with Two Rivers since its inception. The indie will continue to be backed by the Channel 4 Growth Fund whose ownership is unaffected by this move.
Alan Clements, Managing Director at Two Rivers Media, says: “I wish to thank Noble Grossart for the role their investment has played in the growth of Two Rivers and the support and guidance they have given over the last three years.
“Two Rivers Media is in a fantastic position in the marketplace with a list of customers and projects that we could have only dreamed of when we launched in 2019. I’m extremely excited about what the future holds for the company.”
Founded by CEO Alan Clements, former Director of Content at STV Productions, and headquartered in Glasgow, Two Rivers works across factual, factual entertainment, entertainment and scripted. Commissions include Monster: The Mystery of Loch Ness for Paramount+; drama Susan Hill’s A Ghost Story for Channel 5; documentary feature Killing Escobar for BBC Scotland and BBC Two; hit series Frankie Boyle’s Tour of Scotland for BBC Two; Cassius X, for Smithsonian Channel, about the transformation of World Champion boxer Cassius Clay into international icon and activist Muhammad Ali; and recently-announced Marine A for Channel 4. In 2020, Two Rivers secured a major two-year programming deal from Channel 4 to supply a raft of programming under the ‘Chateau’ brand, including Escape to the Chateau, and Escape to the Chateau: Make Do And Mend, the year it also announced a strategic partnership with leading independent distributor all3media international.
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