The U.K.’s Network Distributing has sealed a deal with iconic British horror label Hammer Films to form Hammer Studios Ltd., Variety reports.
Network’s managing director Tim Beddows and financial director Jonathan Lack and Hammer CEO Simon Oakes will head the new company.
The new entity will manage and control Hammer’s interests in its vast library of content such as “The Woman in Black” (2012), “Let Me In” (2010), “Dracula” (1958), “The Abominable Snowman” (1957) and “The Quatermass Experiment” (1953). Hammer Studios will invest substantially both in restoration and new production development from both its owned and newly created IP.
The restoration plans are in keeping with Network’s ethos, as it is a well-known brand for film aficionados, mining the vaults of TV companies and film studios since 1997, unearthing cult programs and films and making them available on home video and digital formats.