14) taking full control of House Productions, producers of Benedict Cumberbatch-starrer Brexit: The Uncivil War and the upcoming BBC mini-series Sherwood. TV shingle Drama Republic ( Doctor Foster) Fremantle’s acquisition of Abot Hameiri, the Israeli production company behind international drama hit Shtisel, in April of this year and ITV Studios taking a controlling stake in Denmark’s Apple Tree Productions, the outfit founded by The Killing producer Piv Bernth, in March.īBC Studios, the British public broadcaster’s commercial arm, has been quietly gobbling up independent production companies for several years now, most recently (on Dec. 1 buyout of fast-rising British production group Bad Wolf, the company behind the HBO/BBC fantasy series His Dark Materials and crime drama The Night Of (a deal reportedly valued at around $80 million) the July 5 agreement by France’s Mediawan ( Call My Agent!) and Germany’s Leonine Studios ( Dark) to take a 51 percent stake in U.K. Recent acquisitions include Sony Picture Television’s Dec. Around the world, independent television and film companies are linking up, or being bought out, as the streaming revolution transforms the business. over her compensation from Black Widow after Disney did a simultaneous release of the Marvel movie in cinemas and on its Disney+ streaming platform.īut the push to go big or go home extends beyond Hollywood power players. CAA co-chairman Bryan Lourd spoke out recently on behalf of CAA client Johansson when the actress sued Walt Disney Co. Jackson and Regina King - particularly following new agreements between the agencies and the Writers Guild of America banned so-called packaging deals. “This transaction further underscores the enduring value of talent and premium content,” noted Endeavor CEO Ariel Emanuel.įor CAA and ICM, linking up is a way to maintain leverage for top talent - CAA clients include Scarlett Johansson, Ryan Murphy and Meryl Streep, ICM’s roster boasts Shonda Rhimes, Samuel L. The deal, and access to Endeavor’s content library, including hit series Killing Eve and Normal People and films such as a Just Mercy and Book Club, will also help CJ as it rolls out its South Korean streaming service TVING worldwide. The CJ/Endeavor tie-up is an opportunity for both companies to boost their production potential and take a bigger share of growing licensing and commissioning revenues from the streamers. Suitors are reportedly also eyeing other high-profile production groups, from Imagine and Legendary to Lebron James’ SpringHill Entertainment. 4 agreement to buy kids entertainment group Moonbug Entertainment, producer of CoComelon and Blippi, for a reported $3 billion, and a deal, valued at around $50 million, and expected to close early 2022, to purchase Faraway Road Productions, the Israeli company behind Fauda and Hit & Run. The Hello Sunshine deal, valued at $900 million, spearheaded by former Disney executives Kevin Mayer and Tom Staggs, was followed up with a Nov. Amazon’s MGM deal gives Jeff Bezos’ global conglomerate, and its Amazon Prime streaming service, a deep library of film and TV content, including the James Bond franchise. How to Watch the 2023 NBA In-Season Tournament Semifinals Online Without CableĪll can be seen as a reaction to a power shift in the industry as streaming and other digital entertainment grows in importance and traditional revenue streams, including theatrical box office, become less significant. 4 acquisition of competitor ICM Partners, financial details of which were not disclosed, and the $775 million agreement by South Korean production giant CJ Entertainment - the company behind Parasite - to acquire an 80 percent stake of the scripted business of Endeavor Content, unveiled Nov. The worldwide consolidation of independent production companies, which picked up pace in 2021, looks likely to continue through 2022 as the global streaming boom pushes up both demand and budgets for film and TV series.īeyond the planned multi-billion-dollar entertainment mega-merger of Discovery and AT&T’s WarnerMedia, among the biggest content-centric deals of 2021 were Amazon’s $8.45 billion deal to buy MGM in May, Reese Witherspoon’s $900 million sale of her Hello Sunshine shingle (producer of The Morning Show and Big Little Lies) in August to a firm backed by private-equity giant Blackstone Group, Creative Artists Agency’s Oct.
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