It was announced that Tim Hincks will serve as President of the new joint venture, which brings together Endemol, Shine Group and CORE Media.
In his role as President, Hincks will report to Sophie Turner Laing, CEO of the global multi-platform content provider. Hincks, who will be based in London, will work with Turner Laing to develop and grow the creative and strategic direction of the new company, and will have specific responsibility for the UK and U.S.
“This new joint venture will establish one of the world’s most exciting, diverse and dynamic businesses for creative talent,” said Tim Hincks. “It will be a place that gives the best people in our industry the freedom to pursue new ideas that they believe in and to take creative risks to realise their ambitions on a global scale. I’m thrilled to be working with Sophie, and with the brilliant teams at Shine, CORE and Endemol, each of whom have made these great companies what they are today.”
“I’m delighted that Tim, whose experience and understanding of creative entrepreneurship and talent is first class, will be working with me to grow this new group,” said Sophie Turner Laing. “The Company will be one of the world’s most innovative and diverse content creators, with exceptional talent, commercial expertise and resources that enable talent in each market to deliver outstanding content across genres and platforms.”
Just Spee, CEO of Endemol Group, added, “Having worked with Tim for the last two and a half years I have no hesitation in saying that the new joint venture couldn’t have a more ideally suited executive in this key role. Tim’s creative and strategic leadership at Endemol, and his support to me as CEO, have been invaluable. His appointment alongside Sophie strongly positions the business for what is sure to be an incredibly exciting new chapter.”
Hincks first joined Endemol in 1999 having worked on factual and current affairs programming for the BBC since 1990. He went on to hold a number of senior management roles, initially at the Company’s UK operation. These included Creative Director (2002-2005) and Chief Creative Officer (2005-2008), before his appointment as Endemol UK’s CEO in 2008, when he also joined the International Board and the Creative Board of Endemol Group. Hincks was appointed President of Endemol Group in 2012, responsible for overseeing the company’s operations in the U.S. and UK, as well as content creation and commercial exploitation across the Group’s worldwide network.
21st Century Fox and Apollo announced a final agreement to create a global multi-platform content provider, bringing together Endemol, Shine Group and CORE Media. Under the terms of the agreement 21st Century Fox and Apollo will jointly manage the newly created group, with each owning 50 percent. The group’s businesses will have creative operations in over 30 markets, with a diverse portfolio of over 600 revenue generating formats in both the scripted and non-scripted genres; coupled with digital, gaming, and distribution operations.
Completion of the transaction remains subject to regulatory clearances and other customary closing conditions. Prior to completion of the transaction, Endemol, Shine and CORE will continue to operate as separate companies. Upon completion of the transaction, CORE will retain its own capital structure. The transaction is expected to be completed by the end of the calendar year.