BermanBraun co-founder Gail Berman is leaving the company to pursue new opportunities, with fellow co-founder Lloyd Braun acquiring her stake and becoming the prodco’s sole owner.
Berman, a former Fox and Paramount exec, formed the company with former ABC topper Braun in 2007. She has yet to reveal what her next move will be, but says she has offers for “several unique opportunities.” Braun has acquired her stake for an undisclosed sum.
In a statement, he said: “I am very proud of the business we have built over these past seven years. My partnership with Gail has been a wonderful experience, professionally and personally. I know that everyone at our company joins me in wishing Gail much happiness and continued success.”
BermanBraun launched with just four employees, and now has a staff of more than 150. It runs online brands in the entertainment, fashion and lifestyle space, and produces unscripted content for TV, with titles such as Junk Gypsies and Polyamory/i>.
In a statement, Berman said: “When Lloyd and I founded BermanBraun, we wanted to create a different kind of entertainment company – one that consisted of both TV and film divisions but also one that established a thriving digital division encompassing content and technology.
“It has been exciting to take my years of experience and leadership in all areas of content and apply them to this endeavor. I take great pride in the company’s amazing achievements over the past seven years.
“It has been my pleasure to work alongside Lloyd and our incredibly talented team at BermanBraun and I wish them continued success going forward,” she added. “There are several unique opportunities I am considering and intend to make an announcement about my decision very soon.”