New Endemol CEO plans to utilize hefty war chest
EmptyFormer Fox Kids Europe CEO Ynon Kreiz has been appointed global CEO of Dutch format factory Endemol, with a mandate to ramp up growth at the reality powerhouse, home to juggernauts like "Big Brother."
The newly minted CEO said he plans to grow the international producer-distributor "creatively and commercially" and to expand into scripted fare and further drive Endemol's digital and online presence.
"My job is not about cutting costs or restructuring, it's about expanding," Kreiz said.
Endemol is understood to have a war chest of about $220 million targeting acquisitions but could raise further cash from its investors. (partialdiff)