Channel 4 Buys Equity Stake in Renowned Films

LONDON: Channel 4 has made a new investment from its £20 million ($29.7 million) Growth Fund, purchasing a minority stake in the indie Renowned Films.

Renowned Films was co-founded by Duane Jones, Max Welch and Tim Withers in 2012. The company's first major commission was F2 Kicks Off. Other highlights include Winner’s Circle for Sky. Renowned Films are currently in development with new series for BBC Three, ITV, MTV, 4Music and U.S. networks such as National Geographic and Discovery.

David Abraham, Channel 4’s chief executive, said: “Renowned Films are an exciting addition to our expanding Growth Fund investment portfolio. Duane, Max and Tim are a passionate and ambitious team with an appetite to create compelling formats across both new and traditional media platforms to inspire young audiences globally. We’re looking forward to working with this talented young indie to help push them to the next level.”

Jones said: “Renowned Films is thrilled to start a new chapter in our development, bolstered by the support of Channel 4. As a company built by young creatives from the ground up, we share the broadcaster's commitment to innovation, experimentation, and the development of burgeoning British talent. The Growth Fund investment allows us to continue our mission to engage and entertain today's youth audience with the forward-thinking content they deserve.”