Manchester-based Red, founded in 1998 by Nicola Shindler, was recently revealed to be working with Davies on two new gay-themed shows for Channel 4.
STUDIOCANAL already owns German-based Tandem, producers of Channel 4’s World Without End, and says it will use the acquisition of Red to develop further UK productions “as well as facilitating new, ambitious international series.”
Shindler said: “The significant investment from STUDIOCANAL gives us at RED the opportunity to meet our growing ambitions without compromising the core values of the company.
“I am looking forward to working with STUDIOCANAL on producing ambitious, daring and engaging content – both in the UK and internationally – as well as accessing their extensive library of film content.”
STUDIOCANAL CEO Olivier Courson said “Partnering with RED is a step forward in positioning STUDIOCANAL as a European leader in content production. Nicola Shindler’s strong track record of developing acclaimed and popular British TV series is the perfect fit for our ambition to develop British and international content out of the UK.”