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Motive plc and Paula Trafford buy Scarlet Television |
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Friday, 24 August 2007 |
AIM listed Motive Television has bought the 75% stake in Scarlet TV previously owned by Medal Entertainment & Media PLC and has said it will invest a further £250k in the development of Scarlet.
The remaining 25% stake in Scarlet is held by its founder and managing director Paula Trafford. Motive will also transfer some of its shares in Scarlet to Trafford, which will result in Trafford owning 49.9% in Scarlet and 50.6% of Motive.
 Trafford
Scarlet was founded by Trafford in November 2004 as a joint initiative with the then parent company, Medal Entertainment Media plc, which has subsequently gone into administration. The Manchester company has gained a reputation as a successful new production company.
Scarlet has produced factual and entertainment programmes for the BBC, ITV, Channel Five, Sky and Discovery. The company’s portfolio includes ‘Diana’s Last Day’ (ITV), ‘There’s Something About Morse’ (ITV), ‘What’s Eating Victoria Beckham?’ (FIVE), ‘Beefcake: A Very British Sex Symbol’ (BBC2), ‘Killer Forensics’ (AETN) and ‘Petrolheads’ (BBC2).
www.scarlet-tv.co.uk
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