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Variety

Former Top Universal Pictures Exec Tapped to Run Participant Media by Its Billionaire Owner. Searching for a Strategic Partnership for Participant’s Pivot TV

Oct 13, 2015  •  Post A Comment

Jeff Skoll, the billionaire former founding president of eBay and the owner of Participant Media, “the multi-faceted entertainment company that is reorganizing and seeking new film and television partners as it moves to reinvigorate its brand,” has picked a new CEO for Participant, reports Variety.

He’s former Universal Pictures Chairman David Linde.

The story says, “Pivot [TV] has hired a consultant to help it search for a strategic partner. A model for Pivot could be the deal that BBC America struck last year with AMC Networks, in which AMC paid $200 million to BBC Worldwide for a 49.9% stake and operating control of the channel. Insiders at Participant said the company has looked at a variety of potential partners such as Discovery Communications, A+E Networks and 21st Century Fox. But obscure Pivot’s challenge is being viewed as having enough heft to entice a larger player to view an alliance as advantageous. There are no active negotiations for a TV partnership.”

Pivot is available in 47 million households, the story notes.

To read more details about this item, please click on the link, above, which will take you to the original Variety piece.

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2 Comments

  1. Surely you mean “its” billionaire owner.

    • Fixed!

      Chuck Ross

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