Jeff Bewkes’ Time Warner isn’t giving up on its $1.4 billion bid for Amsterdam-based reality TV giant Endemol, and has submitted a sweetened, all-cash offer for the company. The new offer, which is the same amount as the original bid, comes ahead of deadline tomorrow set by the creditors for getting the restructuring completed, sources say.
Media companies have discovered that formats, or the concepts behind a reality TV or game show, travel well and are very cheap to make.
Reality heavyweight Endemol USA is expanding its scripted TV operations with the launch of Endemol Studios, a Los Angeles-based TV independent TV studio. It will be headed by CEO Philippe Maigret.