Simon Vaughan Sets Up New Drama Venture

LOS ANGELES: Lookout Point is a new venture focused on the co-production and financing of international drama, founded by Simon Vaughan, formerly of Alchemy Television.

Vaughan was one of the original founders of Alchemy Television and before that was at Power. Announcing his new venture, Vaughan said: "I feel more confident than ever that the market can support ambitious production, provided we embrace new models of funding. Lookout Point is designed to be a bridge-point for those who feel the same way."

With Lookout Point, Vaughan aims to help producers secure funding for their projects via pre-sales, co-production and bank and equity financing. He will then executive produce this projects, but will not serve as a distributor. “I want to sit on the same side of the desk as the producer and have the flexibility to get involved with the best projects and help make them happen. It is important to have maximum mobility, so I can work with networks, studios or production companies without treading on the toes of their own in-house distribution entities. Being less of a competitor and more of a partner is very liberating and gives me access to a wider range of the best projects.”