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EXCLUSIVE: Zig Zag, the 25-year-old UK producer behind reveals together with Fox‘s I Wanna Marry Harry, is shutting its manufacturing arm after being hit by the unscripted commissioning drought.
Zig Zag is placing Zig Zag Productions Restricted into insolvency as a part of a monetary restructuring that has resulted in six staff being made redundant.
The corporate, based in 1999 by Danny Fenton, has appointed an administrator following a gathering with collectors on Wednesday. The insolvency firm might be introduced shortly.
Deadline understands that Zig Zag had three reveals greenlit final yr, price as a lot as £4.5M ($5.6M), however the sequence had been delayed indefinitely amid unsure market circumstances.
Zig Zag’s different firms, together with Zig Zag Holdings and Zig Zag Media Rights, will proceed buying and selling, that means it’s not inconceivable that the model will reside on if commissions come to fruition.
Zig Zag will not be at the moment in manufacturing so no reveals are in danger. A current venture, the Antoine Fuqua-directed documentary Troublemaker: The Story Behind the Mandela Tapes, will not be impacted.
Fenton instructed Deadline: “As a consequence of well-publicised market circumstances and a worldwide slowdown of commissioning, we’re within the unenviable place of restructuring our group of firms and, in consequence, inserting Zig Zag Productions into an insolvency course of.
“I’m extremely pleased with Zig Zag Productions’ 25-year historical past and the award-winning programming now we have produced throughout that point and sorry that we weren’t in a position to climate the storm. I’d like to put on report my due to all of the employees and companions within the trade who’ve been on this journey with us.”
Throughout its quarter of a century of buying and selling, Zig Zag Productions made reveals together with Danny Dyer’s Deadliest Males, Vinnie Jones: Hardest Cops, and Freddie Flintoff Vs The World.
I Wanna Marry Harry was its most recognizable U.S. sequence, that includes single girls competing for the hand of a person they thought was Prince Harry. It was pulled by Fox and canceled after solely 4 episodes.
Extra lately, Zig Zag made YouTube Originals characteristic documentary Increase Your Sport with Gareth Southgate, which streamed forward of the England soccer group reaching the Euro 2020 closing.
Sport has been a constant theme of Zig Zag’s output. The corporate produced Amazon Prime Video’s Sonsational, spotlighting Son Heung-min, the South Korean soccer star who performs for Fenton’s beloved Tottenham Hotspur.
Different well-established UK producers have shut up store amid market turbulence. River Monsters producer Icon Movies closed final yr, whereas Banijay shut Spouse Swap and Solely Join producer RDF Tv after 30 years in February.
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