Ben Silverman Negotiating To Extend Deal With IAC

With fifteen months to go on Ben Silverman‘s current deal with Barry Diller’s IAC, the Electus founder and chairman is deep in negotiations with IAC about an extension. The talks are drawing a lot of attention and speculation that his relationship with IAC could be transformed into a pod deal. I hear the talks are far more complicated and include Electus taking on more digital business and branching into new areas, including management. While Silverman’s previous company, Reveille, made its name early on in scripted with The Office and Ugly Betty, Electus has largely been building an unscripted and digital portfolio. The company has a new drama series, Killer Women, on ABC this fall. I hear under the current setup, Silverman has no producing participation in Electus’ series, something that is subject of the ongoing extension negotiations, especially on the scripted side. According to IAC, Electus has doubled its revenue in the past year.

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