NBC Universal picks up minority stake in Canadian TV producer Lark
NBC Universal International Television Production has purchased a minority interest in Canada-based TV producer Lark Productions. The financial terms of the said deal were not disclosed, according to The Hollywood Reporter.
In addition, a new distribution deal has been announced by NBC Universal unit president Michael Edelstein and Lark founder Louise Clark, the report said.
Lark is a company that develops shows for international markets in Canada. The firm's hit shows include 'Motive' and 'Real Housewives of Vancouver' for CTV and ABC, the report said.
Under the terms of the new deals, Clark will continue to oversee the operations at Lark. However, the production firm plans to expand its operations and hire a Chief Operating Officer. The company has also appointed Canadian TV veteran Ed Robinson as an independent board director, the report detailed.
The deal adds a new entity to the international production business portfolio of NBC Universal. The New York firm's portfolio includes the UK's Chocolate Media, Australia's Matchbox Pictures, Lucky Giant, Monkey Kingdom, and Carnival Films, wrote The Hollywood Reporter.