Sky Invests in Production Companies True North, Chrysalis Vision
European pay-TV operator Sky has taken stakes in two British production companies, acquiring a majority stake in reality-show producer True North and also investing in drama specialist Chrysalis Vision.
True North, which was set up in 2001, is led by Jess Fowle and Andrew Sheldon. Its series include “A New Life in the Sun,” “Teen Mom UK,” “Building the Dream,” “Homes by the Sea,” “Junior Vets on Call,” “The Lie Detective” and “Breaking the Silence Live.” Free-to-air broadcaster Channel 4 has sold its stake in True North, which is based in Leeds and Manchester, both in Northern England.
Drama series producer Chrysalis Vision was founded in 2014 by experienced media executives Chris Wright, who serves as chairman, Mick Pilsworth, its CEO, Roger Parry and Luke Johnson. Wright founded Chrysalis Music Group, and he and Pilsworth oversaw the development of Chrysalis TV, the company that launched international hit detective series “Midsomer Murders.” Chrysalis TV was sold in 2001 to Bridgepoint Capital, and was renamed All3Media.
As part of the deals, Sky Vision, Sky’s worldwide distribution arm, will handle international sales for both companies’ shows.