I Wanna Marry Harry producer Zig Zag has launched a Special Purpose Vehicle (SPV) for film, TV and sports and is targeting a £20M ($26M) fund to support them.
Zig Zag, which had its production arm declared insolvent last year before re-emerging, has joined with Seventy7Ventures on the SPV.
The pair are looking to create a fund that will support “capital-intensive productions across scripted, unscripted, and sports-led entertainment formats.”
Each project will be put through the SPV via a six-month exclusive financing option. Should a project not secure financing within the option window, Zig Zag may extend the term or reassign the project and introduce replacements.
Zig Zag boss Danny Fenton will work closely with Seventy7 Ventures executive chairman Ketan Makwana.
“We at Zig Zag are excited to work with Seventy7 and its partners in exploring new ways of programme financing in an ever-evolving market place,” said Fenton. “We think the model Ketan offers has great viability and rewards for the investment community and producers alike.”
The news comes 18 months after Fenton’s indie, which has made Fox’s I Wanna Marry Harry and Danny Dyer’s Deadliest Men, shut down its production arm after 25 years amid the unscripted commissioning drought, which led to a number of layoffs. The company had its IP assets, including its development slate and the catalogue, valued by an independent business and then sold at a premium to a new entity owned by Fenton, with the proceeds were used to pay off Zig Zag’s creditors, according to an interview with UK TV trade Broadcast in March 2025.
The production arm re-emerged this year having landed two sports commissions for the BBC and TNT Sports around a year after insolvency.