Ink Factory extends 127 deal, ups Henwood
London- and LA-based production company The Ink Factory has expanded its co-financing arrangement with investor 127 Wall and promoted experienced exec Rod Henwood to chief operating officer.
The agreement with 127 Wall, which was first signed in 2017 and has so far seen the two firms back projects including BBC/AMC coproduction The Little Drummer Girl, has been extended to 2024.
In addition, the partnership’s scope has been expanded to cover significant development funding and increase its production co-financing capacity across both film and TV.
Former Zodiak CEO Henwood, meanwhile, has been elevated to the newly created COO position, The London-based exec originally joined the firm in 2018 as chief strategy officer.
As COO, Henwood will oversee all of the commercial, business affairs and marketing activities for the company, as well as the finance team, led by head of finance Ian Spence.
The moves follow The Inky Factory’s recent agreement of a strategic partnership with Endeavor Content, which took a minority stake in the firm, and the arrival of former BBC exec Maggie Boden as director of development.
Henwood will also work alongside production head Tracey Josephs to support the work of the newly reinforced creative team, led by recently appointed creative director Katherine Butler.
Simon and Stephen Cornwell, co-CEOs and founders of The Ink Factory, said: “Our renewed partnership with 127 Wall and Rod’s enhanced role across The Ink Factory are the latest in a series of strategic steps we have taken to realign behind creatively led, well-capitalised and focused development of our slate across both film and television projects.
“At this difficult time for the industry, the continued support of our partners at 127 Wall, alongside our recently announced investment from Endeavor Content, is particularly appreciated. Our ability to dedicate significantly increased resources to building our development slate and make sure we are in the strongest possible position when the industry emerges from hiatus is hugely important, and it is the staunch support of our partners that has made that possible.”
Alongside his role at The Ink Factory, Henwood currently serves as non-executive chairman of unscripted prodco Tin Roof Media.
He has previously worked as the CEO, UK, Belgium and Netherlands of production and distribution multinational Banijay Group and held the same position at Zodiak Media prior to the merger between the two companies. Henwood also served as the launch CEO of JK Rowling’s Pottermore and was previously new business director at Channel 4, where he launched VoD service 4oD.