Sony Pictures Television announced the acquisition of U.K. independent production company Bad Wolf.
Bad Wolf Ltd, is the award-winning production company behind some of the most ambitious and globally-acclaimed dramas in recent years, including ‘His Dark Materials’ (HBO/BBC), ‘A Discovery of Watches’ (Sky), ‘Industry’ (HBO/BBC), ‘The Night of (HBO) and I Hate Suzie (Sky).
The deal also includes the Wolf Studios Wales sound stage facility in Cardiff and Bad Wolf’s 30 per cent stake in Bad Wolf America LLC. Sony also takes over Sky, HBO and Access Entertainment’s minority stakes, reported by The Variety.
Bad Wolf was launched in 2015 by Jane Tranter and Julie Gardner the former BBC executives responsible for ‘Doctor Who’, ‘Torchwood’, and ‘Da Vinci’s Demons’, to produce high-end TV and film for the global television market.
The duo was at the helm of the BBC’s drama division until 2008, and, together with Russell T. Davies, relaunched “Doctor Who” in 2005 and created “Torchwood.” Both shows were produced in Wales and reignited the television industry in the country.
Los Angeles-based Bad Wolf America was formally set up as a U.S.-based sister company in 2019 and is run by Gardner. The company’s first series commission is an adaptation of Laura Lippman’s bestselling novel ‘Lady in the Lake’ for Apple TV Plus, which will star Natalie Portman and Lupita Nyong’.
Commenting on the acquisition, Jane Tranter said, “The last five years since launching Bad Wolf have been a hugely rewarding experience as, with the support of Access Entertainment, Sky, and HBO, we built a production infrastructure and a creative community based out of Wolf Studios Wales that could compete with any TV production in the world.”
“Sony Pictures Television shares our vision for the company going forward, and their immediate understanding and belief in the ethos of Bad Wolf make them the perfect partners for our future. With a forward-looking, global corporation like Sony investing in the future of Bad Wolf and Wales it gives us the ability to reach even greater heights in the years to come,” Tranter added.
Ravi Ahuja, chair, global television studios and Sony Pictures Entertainment corporate development said, “The business is evolving as audiences everywhere become more attuned to content produced outside of their own cultures. This deal not only speaks to the high quality of talent we are proud to work with but also to our aim to create and deliver the most outstanding U.K. drama programs to the world.”
Wayne Garvie, president of, international production, Sony Pictures Television said, “In the blink of an eye, Bad Wolf has established itself as one of the world’s most admired drama producers. The quality of work, breadth of imagination and boundless ambition make it one of the great emerging production houses of our time. Jane and her team have built a tremendous business and established Wales as the home of some of the most fantastic tales of the age and now we aim to help them build still further. We are honoured that they have chosen us as their partner for the next stage of their exhilarating adventure.”
Bad Wolf was advised on the transaction by GCA Altium, recently acquired by Houlihan Lokey (financial) and Wiggin (legal).
Sony’s recent investments in IP producers include children’s programming focused Silvergate Media in 2019, sports and live entertainment production outfit Whisper Films and ‘Sex Education’ producer Eleven, both in 2020.