New Funds Earmarked to Expand Content Production and Distribution Operations and Explore Strategic Acquisitions
Toronto, Canada (July 27, 2015) – Temple Street Productions, the leading private production studio in Canada and the producers of the award-winning, critically-acclaimed, Orphan Black, announced today that it has secured a significant capital commitment from Fairfax Financial Holdings Limited. The new investment, which will give Fairfax a majority stake in the company, is earmarked to expand all aspects of Temple Street’s content creation, production and distribution operations with a view to exploring strategic acquisitions. The announcement was made by company Co-Presidents, David Fortier and Ivan Schneeberg, and Managing Director, John Young, who will all continue to manage the strategic direction and day-to-day operations of the company.
In addition to producing Orphan Black (BBC America and Space), which recently received an Emmy-nomination for its lead Tatiana Maslany, Temple Street Productions has become known for its creator-first approach to producing a wide range of scripted and non-scripted content, including international successes Killjoys (Syfy, Space), X Company (CBC), Being Erica (CBC, SOAPnet), The Next Step (Family Channel, Hulu) and Recipe to Riches (CBC).
Said Fortier and Schneeberg, “Fairfax is a long-term value investor in Canada and around the world. We are grateful for its belief in the leadership of our studio, and we look forward to a dynamic journey forward in our pursuit of building a world class content creation and rights management company.”
"We are thrilled to have Temple Street join the Fairfax group,” said Paul Rivett, President of Fairfax. "The company is a Canadian-based success story, and we look forward to being partners with David, Ivan and John and working with the entire Temple Street team to further grow the business over the long term."
“This new capital will provide us with the platform from which to execute our ambitious growth plans, not only within Canada, but beyond our borders into the U.S. and other international markets. We believe in our ability to create and produce world class content for all platforms, and we’re excited by the prospect of being able to scale our operations with Fairfax by our side. ” said Managing Director, John Young.
TD Securities Inc. acted as financial advisor for Temple Street Productions.