In a series of announcements made, it was confirmed that Cris Abrego and Charlie Corwin will serve as Co-Chairmen and Co-CEOs North America of the new joint venture, which brings together Endemol, Shine Group and CORE Media. In their new roles, Abrego and Corwin will continue to report to Tim Hincks, President of the global multi-platform content provider, and will continue to spearhead day-to-day operations across Endemol’s operations in the U.S., in addition to assuming responsibility for Shine America upon completion of the transaction.

Peter Hurwitz will oversee CORE Media as President.

“Cris and Charlie are exceptionally creative entrepreneurs and leaders who are tremendously respected by the creative community, partners, and colleagues alike,” said Sophie Turner Laing and Tim Hincks. “Together with Peter we couldn’t ask for stronger executives to spearhead the venture’s US operations into a new phase of creativity and growth.”

“We are thrilled by the opportunity to grow these businesses, both creatively and commercially,” said Cris Abrego and Charlie Corwin. “Having been part of the team that has laid such a strong foundation over the past few years it’s been a privilege to work alongside the most creative, innovative and driven talent and executives in the business; and we’re excited about where we collectively can take this new venture.”

“This is a transformative time in our industry. The new venture will be a magnet for creative talent and presents huge opportunities for the future growth of CORE,” said Peter Hurwitz, President, CORE Media.

It was also announced that Rich Ross, CEO of Shine America, will leave to take up a new industry position and departs the company at the end of this month. Shine Group CEO, Alex Mahon will undertake day-to-day responsibilities for Shine America until the new joint venture is formed.