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Globally renowned drama producer and TV executive Ben Stephenson is to launch a new transatlantic scripted label within ITV Studios which will be based in London and Los Angeles and will focus on high end premium drama.

ITV Studios announced that David P. Davis, executive producer of the critically-acclaimed HBO and BBC drama “Industry,” is joining the group to launch 5 Acts Productions.

In this new role, Jain will have overall P&L responsibility for the UK unscripted group, with the Managing Directors of the company’s 11 unscripted UK labels reporting directly to her.

Three new Directors of Production will individually oversee UK scripted, UK non-scripted and international production, supporting the creation of content across all ITV Studios labels and indies.

To strengthen its global scripted production base, ITV increases the stake in Danish production company from 25% to 51%.