MGM Acquires Majority Stake in Mark Burnett's Companies
The deal includes an interest in 'Survivor,' 'The Voice' and 'The Bible'
MGM has acquired a 55 percent stake in One Three Media and LightWorkers Media, the companies co-owned by Mark Burnett and Roma Downey. The deal announced Monday includes interests in the shows Survivor, The Voice, Shark Tank, The Bible and The Apprentice, all of which are produced by One Three Media.
The assets are to be consolidated into a newly created media venture called United Artists Media Group. Financial terms of the deal were not disclosed.
Hearst Entertainment has a stake in One Three Media and will therefore have a stake in the new company as well.
UAMG will mostly focus on developing, producing and financing premium content across all platforms. Burnett will serve as CEO of UAMG while his wife, Downey, well be president of LightWorkers Media, which will be the faith and family division of UAMG.
LightWorkers recently started principal photography on the NBC miniseries A.D. as well as The Dovekeepers for CBS. LightWorkers is also in preproduction of the feature film Ben-Hur with MGM and Paramount and it has the feature film Little Boy that Open Road recently acquired.
The new company also said Monday that it will launch an on-demand digital channel for faith-based programming.
"Mark and Roma are without a doubt the most successful and dominant players in unscripted television and faith-based content and we are excited to be distributing UAMG content worldwide," said MGM chairman and CEO Gary Barber.