Fremantle will take a 25% stake in the factual producer, the same amount it has invested in a spate of other prodcos in recent years.
Label1 has created and produced series such as The Job Interview for Channel 4 and Hospital for BBC Two. It has also recently announced the commission of six-part series School for BBC Two.
The prodco is led by co-founders Simon Dickson (creative director), Lorraine Charker-Phillips (director of programmes) and head of production Jo Taylor.
Specialising in popular, big-scale factual television, the company was founded in April 2015 under ITV Studios’ in-house production arm Shiver, before establishing itself as an indie earlier this year.
Cecile Frot-Coutaz, CEO at FremantleMedia Group, said: “Simon, Lorraine and Jo have been behind some of the most talked-about and eye-catching factual programmes of recent years, and together they have helped build Label1 into one of the UK’s most dynamic and disruptive indies.
“Through our new partnership, we look forward to working with Label1, supporting their ambitious plans for growth, and strengthening Fremantle’s commitment to high-quality factual content.”
Dickson said: “Choosing an investment partner is an important decision but FremantleMedia made it easy for us. We were impressed by their global ambition and by the personalities and skills of the individuals in their management team.
“They made a compelling case for how we could bring something new and distinctive to their mix. Most importantly, they like how Lorraine, Jo and I approach our work, and the types of programmes we’re creating. We’re delighted to have them on board for the next stage of our journey.”
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18 June 2018 @ 11:08:55 UTC