Reality Check is a Deadline feature series covering the players, programs and trends in reality television.
In mid-May, 21st Century Fox surprised industry watchers when it announced its intent to form a joint venture with Apollo Global Management that would include the Shine Group, Endemol and CORE Media Group. Apollo had been known to be contemplating a tie-up of Big Brother producer Endemol and American Idol parent CORE Media, but the Shine element was new. What was unsurprising was this further move towards consolidation in the TV production sector which has seen myriad companies – big and small — acquired by the likes of Discovery, Warner Bros, ITV, Sony and Red Arrow to name a few, in the past year and a half. Folks caution that it’s still early days for a potential combined Shine-Endemol-Core, but that the desire is there to see such a deal come to fruition. If it does, it will create a so-called Mega Indie that would be one of the world’s biggest independent production companies working across both scripted and non-scripted. 21st Century Fox and funds managed by affiliates of Apollo would co-own and manage the new joint venture. (more…)