‘Chef’s Table’ Producer Boardwalk Pictures Sells Minority Stake to Shamrock Capital

Exclusive: The non-fiction space is heating up in the wake of M&A as Boardwalk Pictures, the company behind long-running Netflix series e.g. chef’s table And Last chance uA deal has been struck to sell a minority stake.

The company founded by Andrew Fried has sold a stake to investment firm Shamrock Capital. No one is commenting, but we understand the deal is in the nine-figure range.

The move is the latest big-ticket deal in the booming non-fiction space and follows such deals as Sony Pictures Television’s $350 million acquisition of Industrial Media, Peter Chernin’s North Road company’s $200 million purchase of Red Arrow Studios, Fremantle’s acquisition streak. as 72 Films, and ITV Studios’ $126M deal for Plimsoll Productions.

Fried, who directed We love freestyle supremeFounded the company in 2010 and also produces series like FX Welcome to Wrexhamof HBO Max Big Brunchof Showtime We need to talk about Cosby. Netflix’s Cheer up And Pepsi, where’s my jet? and Amazon well.

He told Deadline that the investment will allow the company to branch out into more genres within the non-scripted space and offer some big-ticket fare.

While most of its output is for Netflix and other streamers, Fried will be looking to move into more traditional alternative formats, gameshows and comedy specials.

“We haven’t done boardwalk shows for many other types of partners. We’ve never really done a Boardwalk show with a cable network. We do not have partnerships with broadcast networks. So we started asking ourselves, what does a boardwalk live event look like? What would a Boardwalk show look like for an NBC or a CBS or an ABC?,” he told Deadline.

He said the non-fiction business has moved closer to the mainstream Hollywood entertainment world. “Covid was probably a catalyst. I think a lot of people are discovering new things at home and seeing them together in different ways,” he added.

Shamrock Capital, which was founded by Walt Disney’s nephew Roy E. Founded by Disney, it recently raised $600M to acquire content and media rights It owns shares in FanDuel and children’s entertainment business Silvergate, bought the master rights to Taylor Swift’s first six studio albums and recently signed a $200M deal with Universal Music Group. Made a deal to acquire numerous assets from Dre

“We believe that authentic storytelling will always have an engaged audience,” said Mike LaSalle, partner at Shamrock Capital. “Andrew and the Boardwalk team are pioneers in creating honest, real, and raw narratives in unique and engaging ways. They have raised the bar for high-quality non-fiction content, delving into a wide range of content that resonates with audiences around the world. We are excited to partner with this talented team. Because they are bringing their skills and sensibilities to new genres, formats and mediums.”

Fried joked that the deal closed the same day mad men The fictional Sterling Cooper Draper Price was formed. Boardwalk Pictures was represented in the deal by LionTree and Venable LLP. Shamrock Capital was represented by ACF and Wilkie Farr & Gallagher LLP.

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