‘Dickinson,’ ‘Mare of Easttown’ Producer Wiip Acquired by South Korea’s JTBC Studios
Variety
2 hrs ago
Wiip, the independent studio behind recent HBO hit “Mare of Easttown” and Apple TV Plus’ breakout “Dickinson,” has been acquired by South Korean TV drama production firm JTBC Studios.
JTBC Studios will take a majority ownership in wiip, while CAA, which had previously been the majority owner of the company, will now move to a minority stake. Exiting the partnership is private equity firm Atwater Capital, which is selling its stake as part of the deal.
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The deal comes following the talent guilds agreed to sell their production arms as part of a deal with the Writers Guild of America to end their long standoff. As part of the CAA-WGA negotiation, CAA agreed to transfer its ownership to a blind trust. Under the side letter agreement, the trust was required to divest the stake to conform to a 20% ownership cap.