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.
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