The previously announced joint venture between 21st Century Fox's Shine Group and Apollo Global Management's Endemol and Core Media Group has launched.
The global entertainment company, Endemol Shine Group, will leverage a portfolio of entertainment properties that includes Masterchef, American Idol, Big Brother, Broadchurch, The Money Drop, Peaky Blinders, Grantchester, Deal or No Deal, Wipeout, The Biggest Loser, Mr. Bean, So You Think You Can Dance, Man vs. Food and many more.
Endemol Shine Group will formally begin operations on Jan. 1 and will continue integrating its operations around the world throughout the first half of 2015. Plans for the joint venture were first announced in May.
21st Century Fox and funds managed by affiliates of Apollo Global Management will jointly manage Endemol Shine Group, with each owning 50 percent. Core Media will continue to retain its own capital structure within the new joint venture.
Endemol Shine Group’s businesses will have creative operations in more than 30 markets, with a diverse portfolio of 600-plus revenue generating formats across scripted and non-scripted genres, coupled with digital, gaming and distribution operations.
Former BSkyB managing director of content Sophie Turner Laing will serve as chief executive officer, with Endemol’s Tim Hincks serving as president, and its chief financial officer, Edwin van Es, taking on the same role at Endemol Shine Group.
“Shine International and Endemol Worldwide Distribution are both world-class operations, and by uniting them we bring together two outstanding teams, an exceptional and diverse catalog of programming across multiple genres and a broader network of sales professionals embedded in markets around the world,” says Turner Laing.
Other top-level appointments include Boudewijn Beusmans as group commercial officer, Gary Carter and Martha Brass as co-CEOs of international operations, Patrick Keegan and Charlie Gardner as co-directors of marketing and communications, and Cathy Payne as CEO of sales and distribution.