ITV Studios has increased its stake in Monumental Television, taking majority ownership of the Harlots, Horrible Histories and Ghosts producer.
Boosting its stake from 26% to a 51% majority means the label, founded by Oscar nominated film producers Alison Owen and Debra Hayward, will become a more integral part of ITV Studios’ operation.
Julian Bellamy, Managing Director ITV Studios, said: “Alison and Debra have proven to be a fantastic fit within the ITV family over the last four years.
“They’re outstanding creatives with fantastic talent relationships and I can’t wait to work even more closely with them as they start the next phase of Monumental’s growth.”
The two founders commented: “ITV Studios is at the forefront of all the exciting new developments in the television landscape and we are thrilled to continue our relationship with the incredible team there.”