NEWS: Top team Vaughan and Anthea poised for Federation deal

Vaughan and Anthea, the star directing duo, have orchestrated a dramatic buyout of Federation, the fledgling production company they joined this year for a reputed six-figure sum.

Vaughan and Anthea, the star directing duo, have orchestrated a dramatic

buyout of Federation, the fledgling production company they joined this

year for a reputed six-figure sum.



The buyout comes just six months after V&A left Lewin and Watson for

Federation (Campaign, 30 June), which was set up by its US parent,

Propaganda, as a third attempt to establish a foothold in the UK and

Europe.



V&A will be equal shareholders in the new-look Federation, together with

their producer of three years, Adam Saward.



The outfit will have one other director on its roster, Malcolm Venville,

who resigned from Redwing Films to join Federation with V&A.



Saward told Campaign: ‘We’ve been given the opportunity to own and run

our own company with Propaganda as a shareholder. This is something

we’ve been talking about for a while. It’s an entirely amicable move.’



Propaganda will retain an unquantified minority stake in Federation and

will continue to represent its US-based directors in London through its

Propaganda Europe and Satellite companies here. Its president, Steve

Dickstein, will stay closely involved.