John Farrar’s Homecoming Studios has sold a minority stake to Rosegown Investments.
Rosegown has backed its fourth UK indie over the past three years by investing in Homecoming, which recently landed its first commission – the Marcel Theroux-hosted Heist: Robbing the Bank of England for Crime & Investigation.
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Rosegown’s “strategic investment” will help with formats and premium docs, the indie said. Percentage stake and investment amount were not disclosed.
Farrar, an exec on HBO Max’s The Bakersfield Three and ITV’s The Playboy Bunny Murder, launched Leeds-based Homecoming earlier this year. The company is in paid development with a major U.S. network and has multiple co-production deals already in place, it said, along with the Heist doc.
Rosegown, meanwhile, is becoming a bigger player in the UK production industry. Run by industry vets Ravinder Chahal and Marc Collins, the start-up investor has now invested in Homecoming, Vibrant Television, Little Venice Studios and Dare Pictures. It has already exited from Dare, as part of a second round investment from America’s Asylum Entertainment (now Pantheon Media Group).
Farrar said: “This partnership marks a transformative step for Homecoming. Our mission is to bridge the gap between traditional and modern production models – from how IP is developed to how it’s funded and distributed. By joining forces with Rosegown, we’re turbo-charging a slate of formats, documentaries and digital series that we’re excited to bring to the market.”
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