Boardwalk Footage, the docuseries label behind Chef’s Desk on Netflix and Welcome to Wrexham on FX/Hulu, has bought a minority stake to personal fairness agency Shamrock Capital, the producer mentioned Wednesday. Phrases of the deal weren’t disclosed.
The Santa Monica-based unscripted producer, led by CEO-founder Andrew Fried, mentioned it secured a progress funding from Shamrock with a watch towards broadening its output as a vendor of content material to networks and streaming platforms.
Boardwalk, based in 2010, has a collection of reveals at Netflix, together with Chef’s Desk: Pizza, Avenue Meals: USA, Final Likelihood U: Basketball, The Goop Lab and Cheer, bought docuseries Chasing Waves to Disney+, introduced Dan Levy’s The Large Brunch to HBO Max and labored on W. Kamau Bell’s We Have to Speak About Cosby for Showtime. (The burgeoning portfolio of shiny initiatives landed Fried on Latest Hollywood News‘s “Most Highly effective Producers in Unscripted TV” listing in 2022.)
“We’re so happy with the work we’ve put out into the world during the last decade,” Fried said. “As our fashion of storytelling turns into more and more extra mainstream, we’re desperate to proceed to push the best way that non-fiction leisure reaches audiences across the globe.”
The deal marks the most recent infusion of personal fairness money into Hollywood manufacturing firms. This newest spending spree — from Apollo’s $760 million guess on Dune producer Legendary to Blackstone’s media roll up of Spanish-language studio Exile Content material, Fauda producer Faraway Street and Cocomelon proprietor Moonbug to Stripes’ $225 million funding in Moonlight producer A24, and Abry Companions’ $100 million guess on Kevin Hart’s Hartbeat banner — has seen a number of different shingles trot out “on the market” or “stake on the market” indicators.
Shamrock Capital, primarily based in Los Angeles and led by president Steven Royer, has been ramping up its content material funding bets. On Feb. 1, the agency mentioned it secured $600 million in capital to focus on investments in movie, TV, music, video games, sports activities rights and different media and leisure alternatives. The personal fairness firm, based as Roy E. Disney’s household funding agency, has present investments in podcast advert company Advert Outcomes Media, recruitment company Bayard Promoting in addition to commerce publication Adweek.
“We imagine that genuine storytelling will at all times have an engaged viewers,” said Shamrock accomplice Mike LaSalle on the Boardwalk funding, including: “We’re excited to accomplice with this proficient crew as they proceed to convey their abilities and sensibilities to new genres, codecs, and mediums.”