Gate Ventures acquires 20% stake in Infinity Creative Media for £2.6m

Gate Ventures will invest £2.6m in Infinity Creative Media for a 20% stake in the business.

The move comes after agreeing full commercial terms with the television production studio.

Infinity founder Russ Lindsay has formerly managed Ant & Dec, Simon Cowell and Piers Morgan, while chairman Michael Grade previously fulfilled the same role with the BBC.

"Infinity is an exciting business with excellent and experienced management which has the drive and enthusiasm to make Infinity one of the top television and film producers in the UK," said Gate Ventures chairman Geoff Morrow.

"The intention is that apart from its current normal distribution networks, Infinity will also take advantage of Gate Ventures' expertise and connections in China, to sell its production content to TV stations and other media distribution platforms," he added.