EXCLUSIVE: Regency Television, the boutique TV production company that produced Roswell, Malcolm In the Middle and Bernie Mac, is poised for a comeback. I hear former ABC Studios executive-turned-producer Morgan Wandell has emerged as the frontrunner to run the resurrected production company. The original Regency TV launched in 1998 as a 50-50 joint venture between Regency Enterprises and Fox TV Studios and existed for 10 years until the partners shut it down in July 2008.
Hutch Parker and Bob Harper, toppers of Regency Enterprises’ film division New Regency, hinted about the company’s plans to explore a return to television at the January announcement of the renewal of New Regency’s distribution deal with Fox. “We can see an opportunity for a restructured approach,” Parker said back then. Indeed, I hear that Regency TV 2.0 would operate under a new business model. For starters, the new incarnation of the company won’t be a co-venture with Fox TV Studios but a Regency-owned independent TV production company. But more importantly, unlike the original company, which deficit financed its series, I hear the new Regency TV won’t. I hear the company would emulate DreamWorks TV’s model instead, in which the production company develops projects independently but doesn’t deficit them, instead taking in producing fees. Despite Regency’s close ties with Fox (News Corp. also owns 20% of New Regency), I hear Regency TV won’t be affiliated with News Corp’s TV divisions 20th Century Fox TV or Fox TV Studios, through it is possibly for 20th TV to have some distribution responsibilities. (more…)