Richard Green has signed an investment deal with UK-based factual indie prodco Midnight Oil Pictures.
The investment follows Midnight Oil’s pitch to investors at Indielab, a business growth programme, last year.
Victoria Powell, founder of Indielab said: “We are delighted to see Midnight Oil land an investment deal with Richard. With his unrivalled expertise and support, we hope that this partnership will help Gillane and the team reach the next level of growth and continue to build on their success.”
The investment deal secures Green a minority stake in Midnight Oil and a seat on its board as director. With almost 30 years’ experience, Green has overseen successful corporate mergers, acquisitions, and joint ventures. He has previously worked at Compact Media Group, as Executive Chairman and CEO of 2entertain. He created this joint venture company through the merger of BBC Video and Video Collection International.
Midnight Oil specialises in factual programming about history, the arts and travel. Their current productions include a WW2 series for Discovery’s American Heroes channel based in the US, and a BBC One documentary Call the Midwife: The Casebook. This co-production with Neal Street Productions focuses on the medical and social history of the 1950s and 1960s.
Midnight Oil was one of 16 indies to be involved in the Indielab business growth programme, which is designed to develop a sustainable independent TV sector in London and the UK. The prodco pitched to a panel of financial investors and VC funds. The investment will help to grow the company and support its development team.