Following the completion of regulatory approval, the Endemol-Shine Group-Core Media joint venture has launched under the tentative title of Endemol Shine Group.
The newly merged entity has also finalized more staff changes, including the promotion of Cathy Payne to CEO of the companies’ combined sales and distribution unit, and the departure of Shine International CEO Nadine Nohr .
The launch comes two months after Rupert Murdoch’s 21st Century Fox and Apollo Global Management finalized the merger of the Fox-owned Shine Group with the Apollo-controlled Endemol and Core Media Group, which – now combined – have creative operations in more than 30 markets. Later in October, Tim Hincks was named president of the merged group, alongside CEO Sophie Turner Laing.
21st Century Fox and Apollo Global Management each owns 50% of Endemol Shine Group, while Core Media will continue to retain its own capital structure. The company will begin formal operations as Endemol Shine Group on January 1.
The company today revealed plans to integrate sales and distribution operations, with Shine International and Endemol Worldwide Distribution being combined into one business with Payne – the current CEO of Endemol Worldwide Distribution – taking on the role of CEO for the integrated business. Nohr is to work with the exec on combining the two operations before stepping down.
“Shine International and Endemol Worldwide Distribution are both world-class operations and by uniting them we bring together two outstanding teams, an exceptional and diverse catalog of programming across multiple genres, and a broader network of sales professionals embedded in markets around the world,” said Turner Laing in a statement.
Endemol’s chief financial officer Edwin van Es is to maintain the same position at Endemol Shine Group, while Shine’s finance director Tom Fussell will step down in 2015 after helping transition the company’s financial operations. Elsewhere, Boudewijn Beusmans – the former chief legal and business affairs officer at Endemol – will take on the role of Endemol Shine Group’s group commercial officer, in which he will oversee distribution and legal affairs.
Meanwhile, serving as Endemol Shine Group’s co-CEOs of international operations are Gary Carter – Shine’s chairman for Northern Europe and Shine 360 – and Martha Brass, Endemol’s chief operating officer. Carter will oversee operations in Germany, Austria, Switzerland, the Nordics, the Netherlands, Belgium, Russia, Central and Eastern Europe, the MENA region, Turkey and South Africa. Brass will manage France, Italy, Spain, Portugal, Australia, India, China, Southeast Asia, Latin America and Israel.
Elsewhere, Shine’s director of communications Patrick Keegan and Endemol’s global head of public relations Charlie Gardner have been named co-directors of marketing and communications, with Keegan based in London and Gardner relocating to LA.
As previously reported, Endemol’s Charlie Corwin and Cris Abrego will serve as co-chairmen and co-CEOs of the joint venture’s North American operations. In addition, Peter Hurwitz is to serve as president of Core Media and Scott Frosch will serve as chief financial officer. Jen O’Connell will continue to helm the company’s television development team.
Presently, Endemol Shine Group is in the process of firming up business structures in countries where both Endemol and Shine currently operate, and has thus far completed the process in France and Germany. The company intends to integrate its international businesses throughout the first half of 2015.
Endemol Germany MD Marcus Wolter will lead the combined businesses as CEO of Endemol Shine Germany, while Shine Germany deputy CEO Holger Rettler has been named director of the newly created label ‘Show,’ which is to produce entertainment series for Endemol Shine Germany. After a period of transition, CEO of Shine Germany Axel Kuehn will leave the business in early 2015.
Over in France, Endemol and Shine’s operations will run as separate entities and remain independently operated. The companies will continue to be led by Endemol’s Nicolas Coppermann and Shine’s Thierry Lachkar, who will stay on as CEOs.
Finally, Endemol and Shine’s London-based sales, distribution and group teams are to be united in 2015 at one location, while Endemol Shine Group will be headquartered in Amsterdam, Holland.
“For the group and distribution teams of Endemol and Shine to be united they need to be able to work under the same roof as one, which we hope to be by the spring of 2015,” said Turner Laing in a statement. “The rationale for the name is equally simple. By combining Endemol and Shine in alphabetical order we’re launching with a strong identity that says who we are and which will be recognized across the industry.
“We will review this as we work together and the group evolves over the first year.”