Left Bank Pictures: Difference between revisions

'''Left Bank Pictures''' was founded in July 2007 by Andy Harries, who was in control of comedy, drama, and film at [[Granada Television|Granada Productions]], along with Francis Hopkinson and Marigo Kehole, and is based in London, England. Left Bank was the first British production company to receive investment from BBC Worldwide when BBC took a 25% stake worth £1 million for exchange in the distribution of all Left Bank's productions. On January 28, 2008, Left Bank Pictures acquired a 15% stake in struggling British production company Hardy & Sons, which was relaunched as "Hardy Pictures" as Left Bank's drama and documentary unit with BBC Worldwide. In 2011, Left Bank sold its stake in Hardy Pictures back to Justin Hardy. During the same year, Hopkinson left Left Bank in May to take a new position for [[ITV|ITV Studios]]. On April 6, 2012, Left Bank put itself up for sale. On July 5, 2012, Sony Pictures Television was planning to acquire Left Bank for £40 million. Two other companies wanted to acquire Left Bank were Red Arrow Entertainment Group and ITV. The sale was completed on August 23, 2012, when SPT acquired a majority stake in Left Bank. BBC Worldwide reduced its stake in Left Bank from 25% to 12.2% and Harries and Kehole also reduced their stake. BBC Worldwide will continue to distribute Left Bank's older content, while SPT will distribute newer content. Left Bank Pictures is the 4th British production acquired by SPT with Gogglebox Entertainment as the 1st, [[Victory Television (UK)|Victory Television]] as the 2nd, and [[Silver River Productions]] as the 3rd.