Red, which also produced Russell T Davies's Queer as Folk, acquired by Studiocanal in deal valuing company at about £30m

Last Tango in Halifax producer sells majority stake to French company | Media | theguardian.com

Red, the independent producer behind hit shows including Last Tango in Halifax and Queer as Folk, has sold a majority stake to French film and TV company Studiocanal, in a deal thought to value the UK firm at about £30m.  The acquisition of Manchester-based Red, which is working with Queer as Folk creator Russell T Davies on two TV dramas about 21st century gay life for Channel 4, marks the French company's first foray into the UK TV production sector.