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DCD strikes investment deal with Timeweave

International distributor DCD Rights is to ramp up the number of third party series it distributes after striking an investment deal with Timeweave.

The two companies have struck a financing deal to partner on the acquisition of new third party distribution rights.

The first series to be announced under the deal is factual series Coast Guard Florida and a second season of Coast Guard Alaska, both from Al Roker Productions.

“This fund will be enormously beneficial to increasing our presence in the marketplace as a major distributor and will allow us to expand our footprint in a more aggressive way than previously” says Nicky Davies Williams, CEO, DCD Rights.

“We are delighted to have reached agreement to enable the DCD Rights business to acquire a significant library of content and look forward to developing the business under the excellent stewardship of Nicky and her team,” added David Craven, CEO, Timeweave.