HBO and Sky have announced a new $250m multi-year co-production partnership that will see the two companies develop high-end drama series together.
A panel of executives from both organisations will be responsible for greenlighting the projects. The HBO and Sky partnership will be open to pitches from both the US and Europe and is looking for ideas “consistent with the content strategies of HBO in North America and the Sky Atlantic brand in Europe.”
The deal will see the two green-lighting at least two drama projects per year with the first project coming to screen in 2018.
The first projects of the partnership are already in development, with announcements expected in the coming weeks.
Chairman and CEO of HBO, Richard Plepler said "Sky has been a great partner for us and this deal allows even deeper collaboration between our two great companies, which have a long tradition in creating superior content for our customers. Together we represent the best in television and combined we will raise the bar even higher in pay TV programming."
Jeremy Darroch, Group CEO of Sky said "HBO and Sky have for many years shared a common creative culture and a common vision for the development of high quality drama. This new venture deepens that relationship, maintains our leadership position in world-class content, provides great opportunities for indies and gives our customers even more opportunity to enjoy brilliant story telling."
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