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Hammer is getting a new lease of life with Variety revealing that Hammer Films and Network Distributing are teaming up to create Hammer Studios Ltd.

Network’s managing director Tim Beddows and financial director Jonathan Lack and Hammer CEO Simon Oakes will be in charge. The company will focus both on restoration of classic material, and new IP.

Tim Beddows said: “This partnership is a really exciting opportunity to merge Hammer’s amazing library with Network’s infrastructure. Whilst we work our way through restoring its entire back catalogue for future generations’ enjoyment, we’re equally excited about the development of new productions from the Hammer canon.”

Simon Oakes added: “This new partnership will, for the first time, professionalize the restoration and creation of elements that are essential for distribution of the Hammer library across all media. At the same time we will, with Network, be able to build on the legacy of Britain’s most iconic film brand, one that started in 1934 and is alive and kicking in 2021.”