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Ivan Schneeberg, left, and David Fortier, of Temple Street Productions, are the men behind some shows like "Being Erica" and their latest, Orphan Black.Peter Power/The Globe and Mail

Toronto-based Temple Street Productions, the company behind the hit television series Orphan Black, has landed an infusion of cash and a new owner in Fairfax Financial Holdings Ltd.

The Toronto-based insurance and investment firm, led by well-known chief executive Prem Watsa, will take a majority stake in the company, but will leave strategic and day-to-day decisions in the hands of co-presidents David Fortier and Ivan Schneeberg, according to a statement released Monday afternoon.

Temple Street's most high-profile creation is Orphan Black, which airs on Space in Canada and BBC America in the U.S. But the company is also known for the top-rated Family Channel program The Next Step and the CBC war-time spy drama X Company, as well as past shows such as Being Erica and Canada`s Next Top Model.

At the same time, the company has been expanding its digital footprint with new ventures to produce webisodes and online-only content to complement its main TV series, and even a new subscription-based fitness platform built around workout videos.

The ongoing success of Orphan Black, a sci-fi series starring Tatiana Maslany that explores the fraught ethical potential of human cloning, has driven Temple Street's momentum. Its third season premiered in April and, less than a month later, a fourth ten-episode campaign was ordered to air in 2016.

(Orphan Black airs on stations owned by Bell Media, whose parent company BCE Inc. also owns 15 per cent of The Globe and Mail).

With the new investment from Fairfax, Temple Street hopes to expand its content further into the U.S. and international markets, and may look at making "strategic acquisitions," the company said in its statement.

Mr. Fortier and Mr. Schneeberg lauded Fairfax for being "a long term value investor."

"The company is a Canadian-based success story, and we look forward to being partners with David, Ivan and [managing director John Young] and working with the entire Temple Street team to further grow the business over the long term," said Fairfax president Paul Rivett.

This latest move deepens Fairfax's investment in the media industry. It already owns more than 16 per cent of ZoomerMedia Ltd., controlled by Moses Znaimer, and last year boosted its stake in Torstar Corp., publisher of the Toronto Star and other newspapers, to nearly 23 per cent.

TD Securities Inc. advised Temple Street on the transaction.

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