Exclusive: Ringside Studios, an outsourcer owned by European media company and distributor Newen, concluded its latest acquisition by acquiring a minority stake in UK firm Joi Productions through its investment partner Ringside Media.
Created by former BAFTA nominee Joey Garroro-Akpojoto, the company has credits including Rapman’s debut hit. blue storyWhich was released by Paramount and Aml Ameen’s Saint Stephen, Which was released by Warner Bros.
In 2020, Gharoro-Akpojoto received the BFI Vision Award to support growth, and the company has now hired Tom Hawkins, the former head of development at Wildgaze. Joi Productions focuses on producing stories starring blacks, stones and women. so run Sample For the BBC, written by Candy Carty-Williams (Queen).
Ringside was recommended by the Lee & Thompson team, while Joi was recommended by Gray Seal Media for the deal.
Newan formed Ringside Studios with Gub Neil in 2020 to increase their penetration of the English-speaking market. To date, the company’s investment group has confirmed shares in Fictionhouse, Slate Entertainment, Further South Productions and B Side Film and TV.
Gharoro-Akpojotor said: “I am delighted to be part of the Ringside family. For Joi Productions, this is a great opportunity to expand and focus on the kind of content and talent we currently lack in the mainstream media, and doing it with partners who believe in us makes the journey even more exciting. “
Kate Bennett, CEO of Ringside, said, “Joy has a completely unique voice in the industry and embodies the many highlights that drive some of the most exciting content out now. We are thrilled to see how her extraordinary talent continues to grow and develop with the support of the corporate infrastructure behind her. “
“At Newen we are passionately imbued with the rise of the next generation of talent and are delighted to be joined by the immensely talented and ambitious Joy Gharoro-Akpojotor,” said Philip Levaseur, President of Newen’s International.
Source: Deadline
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