NY Times

MGM Buys Majority Stake in Mark Burnett’s Production Company

Sep 23, 2014  •  Post A Comment

Movie studio MGM has bought a majority stake in Mark Burnett’s production company, One Three Media, and will create a new MGM unit called United Artists Media Group, reports The New York Times.

One Three Media holds rights to reality shows including “The Voice,” “Survivor” and “The Apprentice.”

“The new division will also house a smaller production company that MGM also bought: LightWorkers Media, which focuses on religious-themed programming like ‘The Bible,’ a recent History Channel miniseries. Roma Downey, a co-owner of LightWorkers with Mr. Burnett, who is her husband, will run the unit,” the story reports.

Financial terms weren’t disclosed. The deal also includes the creation of a LightWorkers on-demand Internet channel, the story adds.

MGM, which was left in debt and bankrupt after the DVD market shrank in the 2000s, has been helped recently by its new scripted TV unit, which is behind such shows as MTV’s “Teen Wolf” and FX’s “Fargo.”

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