Wiip Scores More Investment Non-public Fairness Firm Atwater Money – Deadline
Wiip, the studio at the rear of collection this sort of as HBO’s Mare of Easttown and Apple’s Dickinson, has secured even further financial investment.
The enterprise, operate by previous ABC boss Paul Lee, has gained additional financial commitment from private fairness enterprise Atwater Money. Conditions of the deal were being not disclosed.
Atwater Funds 1st invested in the studio in 2020 with Atwater’s Founder and Handling Lover, signing up for wiip’s advisory board at the time.
CAA subsequently marketed a majority stake to South Korean firm Studio LuluLala (SLL), then recognized as JTBC Studios. CAA continues to be a minority shareholder and Atwater will now turn into the 2nd largest shareholder in wiip right after SLL.
Atwater more supported wiip, which was launched in 2018, with a personal debt facility in 2020.
Other tasks for wiip involve FX’s confined sequence Pistol, Amazon’s The Summer season I Turned Very, from Jenny Han, and HBO’s The White House Plumbers starring Woody Harrelson and Justin Theroux. The studio is also set to deliver Bodkin, the first scripted drama collection from Barack and Michelle Obama’s Better Floor productions starring Will Forte.
Atwater’s other investments include Germany’s Leonine Studios and France’s Mediawan Studios, MadRiver Shots and a development partnership with Channing Tatum’s Free of charge Affiliation.
Paul Lee, CEO of wiip, mentioned, “We love operating with Vania and Atwater, and are thrilled that the staff is dedicated to continuing this partnership with wiip. We glance ahead to bringing our imaginative eyesight and tasks to audiences all over the earth amplified by Jeongin’s outstanding leadership at SLL.”
Vania Schlogel, Founder and Handling Spouse at Atwater Cash additional, “We are delighted to carry on on as a supportive shareholder of wiip, a studio which is fiercely concentrated on genre-defining, globally impactful material. It is an exciting time to work with one particular of the only unbiased purveyors of the top quality episodic content that worldwide OTT gamers and their audiences are demanding, and a studio with an extraordinary concentration on empowering top creatives to tell authentic, compelling tales. We seem forward to supporting wiip during its up coming chapter of progress, as it proceeds to push transformational modify the two on and off-monitor.”
Jeongin Hong, CEO of Contentree JoongAng, a holding company of SLL, and board member of SLL, stated, “Throughout our time performing with wiip and Atwater Funds, our shared enthusiasm for reliable and impactful storytelling has been evident. Atwater provides fantastic experience and strategic perception, and we imagine that this strengthened partnership will place wiip for further more expansion and ongoing innovative results .”