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UK distributor DCD Rights aims to expand is distribution catalogue after securing major new investment from its largest shareholder, media company Timeweave.
DCD and Timeweave have agreed a new investment fund that will be used to secure new third-party distribution rights.
The first projects to be announced include factual rescue series Coast Guard Florida and season two of Coast Guard Alaska, both produced by Al Roker Productions for The Weather Channel.
Nicky Davies Williams, CEO of DCD Rights, said the fund “will be enormously beneficial to increasing our presence in the marketplace as a major distributor and will allow us to expand our footprint in a more aggressive way than previously.”
The 26 hours of new programming will now be added to more than 350 hours compiled by DCD over the past three years.
Davies Williams added that “the intention is to significantly increase our investment under the new agreement.”
DCD has also previously invested in drama series including Australia’s The Slap, produced by Matchbox Pictures.
In July, Timeweave took a 49.9% stake in DCD and is now the company’s largest shareholder.
Meanwhile, Timeweave has said it has recommended approval of a £50m (US$80.6m) takeover offer from UK billionaire Joe Lewis.
His attempts to launch a takeover had previously been turned down but it has now been backed by 30% of the board.
Lewis, who owns English football club Tottenham Hotspur, already holds a 29.99 stake in the company through his Mayfair Capital business.
