DRG Buys Stake in Double Yellow Television

DRG has invested in the production company Double Yellow Television, which specializes in factual, factual entertainment and entertainment programming.

The producer was set up by Mark Wells and Glen Middleham, who previously ran Rain Media Entertainment and prior to that were both at ITV Studios, where Wells was controller of entertainment and Middleham was executive producer for entertainment. The company recently delivered its first commission, a soon to be announced two-hour documentary for ITV.

DRG acquired a financial stake in Double Yellow, and the company has also negotiated a first-look deal for its projects in development and is committed to providing a hands-on incubation role, delivering financial and business support as well as its expertise of the international market. Double Yellow will be moving into DRG’s new creative space in London’s West End later this month.

Richard Halliwell, CEO of DRG, commented: “Mark and Glen are an incredibly talented duo and in Double Yellow they have created just the sort of content business that DRG believes in and is keen to support with investment: small, nimble, well-connected, very creative and with an inherent feel for what works and what doesn’t across a range of genres. The fact that we can grow our relationship in a new creative space is also very exciting; being able to talk face-to-face on a daily basis will be a huge advantage in getting the best shows commissioned and financed, as well as placed with the right broadcasters and platforms internationally. As we evolve into a more rounded content business we are keen to invest in more producers like Double Yellow Television and are now actively looking for new partners.”

Wells said: “DRG is an exciting company to partner with: entrepreneurial, forward-facing and fully understanding of the needs of a new production business. The team has been extremely supportive during our development period, and we’re looking forward to collaborating in the next phase of our partnership.”