EXCLUSIVE: Zig Zag, the 25-year-old UK producer behind shows including Foxs I Wanna Marry Harry, is shutting its production arm after being hit by the unscripted commissioning drought.
Zig Zag is putting Zig Zag Productions Limited into insolvency as part of a financial restructuring that has resulted in six employees being made redundant.
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The company, founded in 1999 by Danny Fenton, has appointed an administrator following a meeting with creditors on Wednesday. The insolvency company will be announced shortly.
Deadline understands that Zig Zag had three shows greenlit last year, worth as much as 4.5M ($5.6M), but the series were delayed indefinitely amid uncertain market conditions.
Zig Zag…
Read the full article at: https://ca.finance.yahoo.com/news/zig-zag-uk-producer-behind-101006431.html