Sweet success: BSkyB snaps up Bake-Off producer
The satellite giant has bought a 70 per cent stake in Love Productions, which also made controversial welfare documentary Benefits Street and is thought to have a turnover of around £14 million, netting a windfall for the two founders who set it up in 2004.
Sky said Anna Beattie and Love’s chief executive, Richard McKerrow, a former commissioning editor for Channel 4, will remain with the group as it is run as a distinct company under distribution platform Sky Vision, which will carry on offering the shows to other broadcasters in the UK and abroad.
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As well as in London where it is based, Love has production sites in Bristol, Los Angeles and New York.