Magazine article Screen International

TV Giants Are Teaming Up to Compete with Netflix and Amazon

Magazine article Screen International

TV Giants Are Teaming Up to Compete with Netflix and Amazon

Article excerpt

With TV now more expensive than ever, new financial options have emerged in the international TV business.

In recent months, a number of networks, financiers and distributors have come together in international financing ventures intended to help participants compete for the sort of TV projects now seen as vital, brand-defining assets.

The new $250m multi-year co-production partnership between HBO and Sky will see the two pay-TV giants, already one-off collaborators on series such as The Young Pope, take pitches from Europe and the US for a couple of series a year. And in the words of HBO chairman Richard Plepler, it will “raise the bar even higher in pay TV programming”.

BBC Worldwide and European film financier Anton Corp (backer of features including Tinker, Tailor, Soldier, Spy and Shaun The Sheep Movie) are joining forces for the Drama Investment Partnership, which is set to greenlight at least $195m (£150m) worth of UK drama with international appeal in its initial three years. …

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