James Corden producer Fulwell 73 raises £45 million

Carpool Karaoke producer Fulwell 73, which counts star James Corden among its five partners, on Tuesday got a £45 million cash injection to fuel growth.

Valence, a media company behind House of Cards, will be a minority shareholder.

Fulwell, which also helped to make the documentary One Direction 3D: This Is Us and co-produces The Late Late Show with James Corden, will use the money to diversify the content it offers.

Fulwell was set up in 2005 by lifelong friends Ben Winston — son of scientist peer Lord Winston —Leo Pearlman, Ben Turner and Gabe Turner. Corden joined last year as a fifth full partner.

Pearlman said: “We have never stood still and in Valence we now have a partner that can support the ambitions we have for growth, whilst allowing us to retain the independence that has been so integral to our success.”