CBS Corp. announced today that it has entered into a strategic partnership with the independent production company Kapital Entertainment, founded by Aaron Kaplan.
The company is behind the current Netflix comedy “Santa Clarita Diet,” HBO’s “Divorce” and CBS’s “Life in Pieces,” and has also been involved in Fox’s “Terra Nova,” NBC’s “The Mysteries of Laura” and a number of other TV projects.
“As part of the agreement, CBS Corporation has acquired an ownership stake in Kapital Entertainment. CBS will provide co-financing for Kapital to invest in its future programming and serve as its worldwide distributor,” CBS Corp. announced.
The announcement notes that Kapital will continue to operate as an independent production company, separate from CBS Television Studios and the CBS Television Network, and will maintain its ability to sell to all buyers in the television marketplace. Kaplan will remain Kapital’s chief executive officer.
The first new project in the works for the partnership is the Dana Klein and Marc Feuerstein pilot “9J, 9K and 9L,” which is being co-produced by Kapital with CBS Television Studios for CBS.
Leslie Moonves, CBS Corp. chairman and CEO, commented in the announcement: “CBS is a content company, and this new venture immediately establishes another source to create more programming assets for our distribution pipeline. Aaron is a talented and creative producer, a skilled program packager and a very smart businessperson. We’re excited to build this partnership together.”
Added Kaplan: “This venture enables Kapital to continue matching a creator’s vision to the broadcast, cable or streaming home best suited for their project. And we will continue to work with all of our valued studio partners in the process. At the same time, I have the support of an incredible media company at CBS Corporation, led by Leslie Moonves, whose creative and business accomplishments are unmatched.”