EXCLUSIVE: Zig Zag, the 25-year-old UK producer behind shows including Fox‘s I Wanna Marry Harry, is shutting its production arm after being hit by the unscripted commissioning drought.
Zig Zag is putting Zig Zag Productions Limited into insolvency as part of a financial restructuring that has resulted in six employees being made redundant.
The company, founded in 1999 by Danny Fenton, has appointed an administrator following a meeting with creditors on Wednesday. The insolvency company will be announced shortly.
Deadline understands that Zig Zag had three shows greenlit last year, worth as much as £4.5M ($5.6M), but the series were delayed indefinitely amid uncertain market conditions.
Zig Zag’s…
