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Jan 31, 2024 · STV acquired a minority stake in Two Cities in January 2020, with an option to increase its initial stake to a majority position upon Two Cities becoming profitable. Following the initial investment, the Belfast-based company has made significant progress, producing two series of the critically acclaimed police drama Blue Lights for BBC One, with the second series due to air in 2024.
Jan 31, 2024 · STV acquired a minority stake in Two Cities in January 2020, with an option to increase its initial stake to a majority position upon Two Cities becoming profitable. Following the initial investment, the Belfast-based company has made significant progress, producing two series of the critically acclaimed police drama Blue Lights for BBC One, with the second series due to air in 2024.
Jan 31, 2024 · Glasgow-based media firm STV Group said its STV Studios business has increased its 25% equity stake in Belfast-based drama production company Two Cities Television to a majority holding of 51%. STV said it acquired a minority stake in Two Cities in January 2020, with an option to increase its initial stake to a majority position upon Two Cities becoming profitable.
Jan 31, 2024 · The Glasgow broadcaster acquired a minority stake in Two Cities in January 2020, with an option to increase its initial stake to a majority position upon Two Cities becoming profitable. STV said today that the Belfast-based company has made “significant progress”, producing two series of the critically acclaimed police drama Blue Lights for BBC One, with the second series due to air in 2024.
Jan 8, 2020 · STV Productions has initially acquired a minority equity stake in Two Cities. The Glasgow-headquartered broadcasting group said the tie-up would “further enhance STV’s reputation as a leading ...
Sep 3, 2024 · From the date of acquisition, Two Cities Television Limited and subsidiary undertakings contributed £18.5m of revenue and £1.4m of adjusted operating profit to the Group’s results. Financial highlights. Total revenue of £90.4m, +20% on 2023, driven by acquisition-related growth in Studios and an improving advertising market
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Jan 31, 2024 · Helion Partners originally advised Two Cities on its initial minority growth capital investment from STV Studios in 2020. As part of that deal the Two Cities’ management is now able to sell some of their shares, as the value of the company grows, to allow STV Studios to take a majority stake.
