ITV snaps up stake in drama maker

Press Association
Updated

Broadcaster ITV has agreed a 30 million US dollar (£19 million) deal to buy a majority stake in the producer behind award-winning American western drama Hatfields & McCoys, starring Kevin Costner.

ITV will buy a 65% stake in Los Angeles-based Thinkfactory Media, with an option to acquire the remaining 35% within five years.
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