Sony Pictures Television Acquires Majority Stake in Eleven
Sony Pictures Television has confirmed what we revealed back in April — that it is investing in Eleven, the British production outfit behind Netflix smash hit SEX EDUCATION.
Sony has taken a majority stake in Eleven after a competitive process in which a host of potential suitors showed an interest in the producer, including All3Media. The size of the stake and financial terms were not disclosed.
In completing the takeover, Sony is buying out Channel 4’s 20% stake in Eleven. The British broadcaster first invested in the company in 2014 as part of its Indie Growth Fund initiative.
Eleven was founded by creative directors Jamie Campbell and Joel Wilson in 2006, and teen drama SEX EDUCATION has become its biggest calling card since launching last year.
Click here to read the full Deadline article.
