Sony Pictures Television (SPT) has taken a minority stake in Fable Pictures.
The UK film and production company, led by creative director Faye Ward, will focus on internationally travelling, high-end drama series.
SPT, in turn, will handle the distribution around the world.
"Fable Pictures’ vision is to collaborate with strong writers and directors to tell stories that are ambitious, illuminating and entertaining across film and television," said Ward.
"This deal will enable us to focus on what we do best, and pour our energy into developing a number of new projects with talent we are incredibly excited about."
Fable Pictures is currently working on Stan and Ollie, a feature film starring Steve Coogan and John C Reilly. The upcoming Country Music, co-written by Nicole Taylor, features Karen Gillan playing a singer in Glasgow with ambitions to perform in Nashville.
Andrea Wong, president of international production at SPT, said, “We are increasing our drama footprint in recognition of the rise in demand for international high-quality drama. This will build on the success we are enjoying with series such as Left Bank’s upcoming Netflix drama The Crown and The Halcyon for ITV, as well as Playmaker’s Love Child and award-winning The Code.”