ITV Studios has increased its stake in scripted indie Monumental Television from 26% to a 51% majority.
The agreement will see the label, founded by Oscar nominated film producers Alison Owen and Debra Hayward, become a more integral part of ITV Studios.
ITV Studios Global Entertainment has held a minority stake in the company since its launch in 2015, and ITVS GE will continue distributing television productions worldwide.
Recent TV productions include three series of Harlots, exclusively commissioned by Hulu since series two and available via Starzplay in the UK, and Ghosts on BBC One. The comedy series, created, written and featuring the team behind Horrible Histories, has already been recommissioned for a second season. Monumental Television is in advanced development on several other major scripted series.
Julian Bellamy, Managing Director ITV Studios, said: “Alison and Debra have proven to be a fantastic fit within the ITV family over the last four years. They’re outstanding creatives with fantastic talent relationships and I can’t wait to work even more closely with them as they start the next phase of Monumental’s growth.”
Alison Owen and Debra Hayward said: “ITV Studios is at the forefront of all the exciting new developments in the television landscape and we are thrilled to continue our relationship with the incredible team there.”
Owen is the producer behind high-end television dramas Case Histories and the Emmy award winning Temple Grandin. She is also producer of numerous feature films, including the Oscar nominated Saving Mr Banks and Jane Eyre. Hayward is the producer of the upcoming movie adaptation of the legendary stage musical, CATS and the Golden Globe winning Les Misérables and BAFTA nominated, Mary Queen of Scots. She was formerly Head of Film at Working Title Films.
Julian Bellamy and Maxine Gardner, ITV Studios UK Finance Director, join Owen, Hayward and Ruth Berry, Managing Director ITVS GE, on the board.
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