The suit alleges that Fox schemed with private equity giant Apollo Global Management to strip the assets of American Idol producer Core Media to the detriment of lenders.
Cris Abrego and Charlie Corwin have been named co-chairmen and co-CEOs North America of the new joint venture of Endemol, Shine Group and Core Media.
Endemol CEO Tim Hincks will serve as president of the new joint venture to be formed by 21st Century Fox’s Shine Group, Endemol and Core Media. He will report to CEO Sophie Turner Laing.
Former BSkyB content executive Sophie Turner Laing will be CEO of the new group that brings together Endemol, Shine Group and Core Media.
The former News Corp. president is in preliminary discussions to merge his independent entertainment company, Apollo Global Management, with two prominent reality television production firms, Endemol and Core Media Group.