TVBEurope‘s parent company Future PLC has announced the acquisition of content creator Barcroft Studios.
The deal, which is expected to close at the end of November, is worth £23.5 million.
Sam Barcroft will stay as CEO of the production company he founded in 2003.
Barcroft makes factual content for broadcasters and streaming services, as well as operating its own social video channels on YouTube, Facebook and Snapchat, where it has amassed 63 million followers through self-funding content like Born Different and Beastly.
Channel 4 bought a minority stake in Barcroft in 2014, via its Growth Fund initiative to boost small independent producers. The Future deal will mean that Barcroft is no longer part of the Growth Fund.