Working across production, distribution, and exhibition, Element Pictures is managed by co-founders Ed Guiney and Andrew Lowe, with offices in Dublin, London, and Belfast.
“The acquisition further underlines Fremantle’s strategic plan to invest in and develop premium production companies and creative talents from around the world,” the group said on Tuesday. “Element Pictures is 21 years old this year and it is incredibly exciting for us and our wonderful colleagues to be entering a new and ambitious phase of growth in partnership with our friends at Fremantle at a truly exhilarating time for our industry,” they said.
Mr Scrosati added that Fremantle is “proud” to be investing and partnering with the “very best creative minds in the business”. “Creative freedom will sit at the very heart of this partnership, and everyone at Fremantle is excited to be working with the Element Pictures team and supporting their growth internationally.”Last August, RTL Group announced its aim to increase Fremantle’s full-year revenue target to €3 billion by 2025.