Boat Rocker Media has acquired unscripted manufacturing firm Matador Content material, which is behind Paramount Community’s Lip Sync Battle. Following the money and inventory transaction, Matador founders Jay Peterson and Todd Lubin stay on the helm as the corporate joins the Boat Rocker group. This deal marks Boat Rocker’s largest enlargement into the US market.
Based in early 2013, Matador has produced such sequence as Emmy nominated Lip Sync Battle, Boy Band (ABC), What Would Diplo Do? (Vice), The Rape of Recy Taylor (The Orchard), The Who Was? Present and Struggle World (Netflix), Grasp of Arms (Discovery Channel), Banksy Does New York (HBO), and Lip Sync Battle Shorties (Nickelodeon). As a part of Boat Rocker Media, Matador is predicted to ramp up its improvement slate throughout all genres and get entry to new sources of financing for pilots and sequence going ahead.
This deal marks Boat Rocker’s third acquisition in 2018, having beforehand acquired Fremantle’s Children & Household division in addition to a majority stake in Perception Productions, a number one Canadian unscripted manufacturing firm (The Wonderful Race Canada, Large Brother Canada, Prime Chef Canada).
Below the phrases of the settlement, Matador Content material’s identify and management will stay whereas its artistic and manufacturing groups. Boat Rocker and Matador Content material will collectively concentrate on concentrating on mental property and accelerating its path to the worldwide content material market.
“We’re thrilled to companion with Jay, Todd and all the Matador workforce, as Boat Rocker continues to broaden its capabilities as a world studio with a concentrate on premium content material manufacturing and model constructing,” stated David Fortier and Ivan Schneeberg, Co-Govt Chairmen, and John Younger, CEO, of Boat Rocker Media. “Whereas we’ve got seen significant success within the US market with a few of our personal unique sequence, we consider that, along with Matador, we’ll make a good greater mark in very brief order.”
Boat Rocker has over 600 staff throughout its Toronto, New York, Los Angeles, London, Ottawa, and Hong Kong workplaces, 750 half hours of content material produced yearly by its scripted, unscripted and youngsters & household divisions, and with a distribution library now totaling over 7,000 half hours.
“We’ve achieved unimaginable issues over the previous 5 years due to the superb workforce of individuals at Matador. Boat Rocker offers us entry to a premier financing and international distribution arm that can speed up our development and permit us to do much more with our artistic and broadcast companions,” stated Jay Peterson and Todd Lubin, co-founders of Matador. “We’ve gotten to know the Boat Rocker workforce nicely over the previous a number of years and consider this union completely fits the imaginative and prescient we’ve got for our firm’s future.”
For Boat Rocker, Paul, Weiss, Rifkind, Wharton & Garrison and Stikeman and Elliott served as authorized counsel and TD Securities served as an advisor on the transaction. For Matador Content material, CAA and Evolution Media Capital suggested on the transaction and Sidley Austin LLP and Hansen, Jacobson, Toberman, Heller and Newman served as authorized counsel.