Wiip Scores More Investment Personal Equity Firm Atwater Money – Deadline

Wiip, the studio behind collection these kinds of as HBO’s Mare of Easttown and Apple’s Dickinson, has secured even more investment.

The business, run by previous ABC boss Paul Lee, has acquired added financial investment from non-public fairness enterprise Atwater Cash. Terms of the deal were being not disclosed.

Atwater Money first invested in the studio in 2020 with Atwater’s Founder and Taking care of Spouse, becoming a member of wiip’s advisory board at the time.

CAA subsequently sold a majority stake to South Korean firm Studio LuluLala (SLL), then regarded as JTBC Studios. CAA remains a minority shareholder and Atwater will now turn into the 2nd greatest shareholder in wiip right after SLL.

Atwater further more supported wiip, which was founded in 2018, with a financial debt facility in 2020.

Other initiatives for wiip include FX’s minimal collection Pistol, Amazon’s The Summertime I Turned Fairly, from Jenny Han, and HBO’s The White Household Plumbers starring Woody Harrelson and Justin Theroux. The studio is also established to generate Bodkin, the initially scripted drama series from Barack and Michelle Obama’s Better Floor productions starring Will Forte.

Atwater’s other investments include things like Germany’s Leonine Studios and France’s Mediawan Studios, MadRiver Shots and a improvement partnership with Channing Tatum’s Cost-free Association.

Paul Lee, CEO of wiip, mentioned, “We love doing work with Vania and Atwater, and are thrilled that the staff is committed to continuing this partnership with wiip. We glimpse ahead to bringing our innovative eyesight and tasks to audiences all around the planet amplified by Jeongin’s good leadership at SLL.”

Vania Schlogel, Founder and Controlling Spouse at Atwater Capital added, “We are delighted to carry on on as a supportive shareholder of wiip, a studio which is fiercely concentrated on genre-defining, globally impactful material. It is an enjoyable time to do the job with 1 of the only unbiased purveyors of the top quality episodic content material that world-wide OTT players and their audiences are demanding, and a studio with an extraordinary aim on empowering top rated creatives to explain to genuine, persuasive stories. We glance ahead to supporting wiip in the course of its up coming chapter of progress, as it proceeds to generate transformational transform both on and off-monitor.”

Jeongin Hong, CEO of Contentree JoongAng, a keeping enterprise of SLL, and board member of SLL, said, “Throughout our time doing work with wiip and Atwater Cash, our shared enthusiasm for authentic and impactful storytelling has been evident. Atwater provides fantastic expertise and strategic insight, and we imagine that this strengthened partnership will posture wiip for more development and continued artistic results .”