Global streaming giant, Netflix has struck a multi-year deal with Studio Dragon, a three-year old production house that has become one of the hottest content houses in Korea.
The deal is described as a three-year strategic partnership, highlighted by a multi-year content production and distribution agreement, that begins from 2020. Studio Dragon’s parent company CJ ENM also has the right to sell a 4.99% equity stake in the producer to Netflix.
It is understood that Studio Dragon and will produce specific new series for Netflix. The streamer, which is already streaming five series from the company, will also be able to acquire distribution rights to other Studio Dragon titles.
Korean series, which are known for their high production values, quality screenwriting and good-looking stars, have become a source of competition for global and regional streaming services operating in Asia. Although many shows have been labeled as originals by the streamers, in many cases Korean rights have been handled by local broadcasters.
Netflix has a large roster of Korean series from Studio Dragon and other providers. Its shows from Studio Dragon include: “Stranger,” “Mr. Sunshine,” “Memories of Alhambra,” “Romance is A Bonus Book,” and “Arthdal Chronicles.”
The output deal, which were first reported on October 29th, applies across Sky’s European markets and will allow the company’s networks and OTT service Now TV to offer HBO shows as well as programming from Warner Bros. and Turner channels. It expands on the original deal between Sky and HBO struck in 2010, which was extended in 2014 by Sky for its UK and Ireland operation. The pact was then further expanded a year later following the acquisition of Sky Deutschland and Sky Italia.
The deal, which has provided shows such as “Watchmen”, “Succession”, “Game Of Throne”s and “Big Little Lies” to Sky, is understood to have been due to run out in 2020. Sky did not confirm the length of the new deal, saying only it would run for many years to come, but it is understood to be a five-year arrangement. Sky has also confirmed plans that will see its newly launched Sky Studios division co-producing HBO Max content. Sky Studios will work with the HBO Max programming team to produce premium drama and scripted entertainment as part of a multi-year deal, the European operator said. The all-encompassing agreement extends Sky’s deep relationship with HBO, which was bolstered in 2017 when the two companies unveiled a $250m high-end drama co-pro deal. That arrangement recently delivered hit drama “Chernobyl”, while Sky and HBO’s latest co-production is “Catherine The Great”.
Meanwhile, Apple’s long-awaited streaming video service went live early on November 1st. Apple TV+ is a $4.99-per-month service featuring original TV shows and movies bankrolled by Apple. According to the company, the service initially launched in over 100 countries and region. The service’s original line-up of content includes fewer than 10 programs coming Friday and a total of 15 in the initial slate. Shows available on the service now include “The Morning Show,” “See,” “Dickinson” and “For All Mankind”. It also includes a few shows for kids like “Helpsters,” “Ghostwriter” and “Snoopy in Space.” Oprah Winfrey is also hosting a talk show called “Oprah’s Book Club”.
These two new OTT service are entering a crowded market as Disney’s Disney+ service launches later in November, offering content from brand-name franchises like Marvel and “Star Wars” for $6.99 per month. Meanwhile, NBCUniversal is planning to launch services early next year.
Source : TBI Vision / Senal News
French entertainment group Banijay has reached an agreement to buy 100% of Endemol Shine Group (ESG).
The two companies announced the agreement on Saturday with Banijay taking ownership of ESG from The Walt Disney Company, which picked up its stake as part of its buy-out of 21st Century Fox assets last year, and Apollo Global Management.
The move will create the biggest production and distribution company in the world with a catalogue of close to 100,000 hours of shows and series. The acquisition, which is subject to customary closing conditions and regulatory approval, will encompass ESG’s 120 production companies with an estimated 66,000 hours of scripted and non-scripted programming together with over 4,300 registered formats.
The move will give Banijay ownership of series and formats including "Black Mirror", "Versailles", "The Millennium Trilogy", "Peaky Blinders", "Big Brother", "MasterChef", "Survivor", "Temptation Island", "Wife Swap" and "The Island". Upon completion, Banijay will own almost 200 production companies in 23 territories. Total revenue of the combined group is expected to be approximately €3bn (US$3.6bn) for 2019.
Vice Media Group has struck a deal to purchase digital media company Refinery29 months after speculation first emerged that the two brands were in talks to merge. The deal, signed by Vice Media CEO Nancy Dubuc and Refinery29 co-CEOs Justin Stefano and Philippe von Borries, cements the new operation as one of the world’s largest digital media businesses.
Refinery29, a digital mediaco catering to women, will remain a distinct brand within the Vice Media Group portfolio, bolstering the millennial-focused brand’s content and diversifying its audiences.
The merger will allow both media companies to reach “male and female audiences and consumers equally,” creating “a total youth media audience with growing attention towards this generation’s non-binary audience,” according to Vice Media.
As part of the acquisition, content production across all platforms is expected to grow by 20%.
As Refinery29 has ramped up its global expansion, it has also moved further into unscripted and scripted content. Following the acquisition, it will continue to create programming across a range of verticals and produce a slate of premium original film and TV projects, including a short-film series titled Shatterbox Anthology, which is focused on increasing opportunities for women in film. The company’s originals production capabilities and pipeline of projects will add to Vice’s Studio business with original content, talent and IP.
In a game-changing move for Spanish-language production Telefonica, Europe’s third biggest telco, and Atresmedia, the original co-creators of “La Casa de Papel,” are uniting to create a new joint contents production giant. Aimed at gaining more scale and uniting talent relations – writers, directors and producers – the 50/50 joint venture will produce both series and feature films, focusing on fiction. Both a product and distribution alliance, the new contents factory will look to bring in further co-production partners on many projects and create titles for third partner companies.
The agreement, which has to be approved by a Telefonica commission, was sealed by Atresmedia CEO Silvio Rodríguez and Emilio Gayo, president of Telefonica Spain.
Atresmedia and Telefonica, via Atresmedia Studios and Telefonica’s pay TV unit Movistar in Spain, have already linked to produce “The Pier,” created by “La Casa de Papel’s” Alex Pina and Esther Martínez Lobato. The new agreement will take their collaboration to another level, however.
For Telefonica, the Atresmedia alliance goes a long way to furthering its strategic goals as it faces off with a far larger number of global competitors. Partnering with Atresmedia, Telefonica now has the opportunity for joint series to play on the broadcast network’s free-to-air and SVOD services in Spain plus possibly its cable network in Latin America, the biggest of any company in Europe.
NBCUniversal announced on September 17th, 2019 that its new streaming service will be called Peacock — and that it will come with a colorful library of content.
When Peacock makes its debut in April, it will join the growing list of new streaming services, including Apple TV Plus (Nov. 1), Disney Plus (Nov. 12) and HBO Max, which is also to start in April. These platforms will enter an increasingly competitive arena that already includes the established services Netflix, Hulu and Amazon Prime.
To compete, Peacock intends to have 15,000 hours of content from its vast library available on both its ad-supported and subscription-based services. Highlights will include complete seasons of “Parks and Recreation,” “Brooklyn Nine-Nine,” “Cheers,” “Downton Abbey,” “Everybody Loves Raymond,” “Friday Night Lights” and “Frasier.”
On the film side of Peacock, movies from Universal Pictures, Focus Features and DreamWorks Animation — including “Bridesmaids,” “American Pie,” “Do the Right Thing” and “E.T.” — will be featured. There will also be 3,000 hours of content from the Spanish-language network Telemundo, including an original dramedy titled “Armas de Mujer,” and popular library titles such as “100 Dias Para Volver” and “Betty in NY.” Pricing details for Peacock subscriptions have not been made public.
The company intends to use the 2020 Summer Olympics in Tokyo, which will be broadcast on NBC and its affiliated networks, to publicize Peacock heavily. Soon after the closing ceremony, roughly a dozen new shows that incorporate elements of older properties will make their debuts on the platform.
There will be a reboot of “Battlestar Galactica” from Sam Esmail, the creator of “Mr. Robot,” and a new comedy series called “Rutherford Falls” from Mike Schur, the prolific producer behind “The Good Place,” “Parks and Recreation” and “The Office.” Ed Helms, an alumnus of “The Office,” will star. Reboots of “Saved by the Bell” and “Punky Brewster” are also in the works.
A documentary series from Lorne Michaels, “Who Wrote That,” will feature some of the most memorable moments from “Saturday Night Live” and discuss the writers responsible. All 44 seasons of “Saturday Night Live” will be available on Peacock, with Season 45 coming on once it completes its run on NBC.
Source : The New York Time
HBO’s forthcoming direct-to-consumer streaming platform HBO Max has ordered its first series in the unscripted space with the greenlighting of two reality competition series from the producers of Queer Eye and The Amazing Race.
Produced by Scout Productions, Legendary will feature 10 voguing teams – called “houses” – comprised of five dancers each as they battle it out in a variety fashion and dance challenges for the opportunity to win a cash prize and achieve “Legendary” status. Each episode will document a themed ball from start to finish with the houses rotating in a round-robin format.
The design competition series The Greatest Space (working title) will feature professional interior designers traveling the globe to transform empty ballrooms, bedrooms, treehouses and everything in between into glamorous spaces.The series is produced by from New Media Collective and Scout Productions.
Both series will consist of 10 episodes and will premiere across the WarnerMedia streaming service when it launches in the spring of 2020.
Source : Real Screen
Apple finally released details for its forthcoming streaming service, Apple TV+, setting a launch date of November 1 and an introductory price of $4.99 per month.
The service will roll out its first original series at launch and then add more originals every month, CEO Tim Cook said during the company’s product event at its Cupertino headquarters. It will be available in more than 100 countries as of November 1.
While it is difficult to fairly compare prices of various services given significant differences between offerings, the $5 monthly cost puts Apple at the low end of subscription streaming.
In an additional incentive, customers who buy an iPhone, iMac or Apple TV will get one year of AppleTV+ for free. That option fits with the widespread expectation that Apple would seek to leverage its installed base of hardware to give the new service a boost.
Global entertainment and toy company Hasbro has entered an agreement to acquire Toronto-based studio Entertainment One (eOne) for US$4 billion, bringing My Little Pony and Nerf under the same umbrella as “Peppa Pig” and “PJ Masks” and furthering Hasbro’s growth goals in the infant and preschool categories.
Hasbro aims to expand its operations in film and TV. Entertainment One’s production infrastructure in multiple markets and its children’s programming IP made it an attractive target for Hasbro. Sources say the news came as a surprise to most people at Entertainment One. eOne will look to leverage its capabilities in high-quality scripted and unscripted television development and production in an effort to bolster Hasbro’s “end-to-end ability to monetize and bring to market its IP” in a variety of formats, including OTT and premium platforms, music, location-based entertainment, AR and VR.
Top eOne execs will join the Hasbro team, said the companies in a joint statement. The independent studio pointed to its kid-friendly fare, noting that it has been transforming its business to focus on “high-quality premium talent-driven content,” including its “Clifford the Big Red Dog” and “Monster Problems.” But the sale to Hasbro raises questions about whether eOne will remain in the business of producing adult-focused movies and TV series. Entertainment One’s active slate includes Netflix’s “Trailer Park Boys” and We TV’s “Growing Up Hip Hop: New York.”
Source: Variety / Realscreen
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