- Share this article on Facebook
- Share this article on Twitter
- Share this article on Flipboard
- Share this article on Email
- Show additional share options
- Share this article on Linkedin
- Share this article on Pinit
- Share this article on Reddit
- Share this article on Tumblr
- Share this article on Whatsapp
- Share this article on Print
- Share this article on Comment
Peter Chernin has held early talks about merging his independent entertainment firm The Chernin Group with Endemol and Core Media Group, the corporate parent of American Idol producer 19 Entertainment, The Hollywood Reporter has confirmed.
A deal could elevate the film and TV production operation built by former News Corp. president Chernin, who could serve as chairman of a merged company, and make it a bigger content supplier.
The talks were first reported by the Los Angeles Times.
Netherlands-based Endemol, which has been looking to restructure its big debt load, is known as a global reality TV powerhouse thanks to such shows as Big Brother. But it has also started to push into scripted shows with such fare as AMC drama Hell on Wheels.
Over the past year, Time Warner has been among those companies that has looked at a possible acquisition of Endemol for about $1.4 billion, but its debt holders decided to keep the company independent.
Core Media is the company formerly known as CKX, which is now led by former NBC Entertainment boss Marc Graboff. Its other franchises include So You Think You Can Dance and the rights to the names and images of Elvis Presley and Muhammad Ali.
Private equity firms are likely to play a key role in a potential deal.
Providence Equity Partners made a $200 million investment in the Chernin Group earlier this year. And Core Media is owned by private equity firm Apollo Global Management. Apollo is also Endemol’s largest debt holder.
Georg Szalai in London contributed to this report.
Sign up for THR news straight to your inbox every day
More from The Hollywood Reporter
Locarno Film Festival
Locarno Film Festival Open Doors Lineup Focuses on Caribbean, Latin America Cinema
Transformers: Rise of the Beasts
‘Transformers: Rise of the Beasts’ Team on Bringing the Iconic Characters to Life in a New Way: “It’s a Dream Come True”
Chris Hemsworth Says Director Criticisms of MCU Are “Super Depressing,” Chalks Mixed ‘Thor 4’ Reviews Up to Movie Being “Too Silly”
‘White Men Can’t Jump’ Star Laura Harrier on Remixing the 1992 Classic, ‘Spider-Man’ Memories and ‘BlacKkKlansman’ Impact
Rachel Sennott, Ayo Edebiri Start a High School Fight Club to Hook Up With Cheerleaders in ‘Bottoms’ Trailer