Global producer-distributor FremantleMedia has taken a 51% majority stake in Israeli prodco Abot Hameiri.
Under the deal, Abot Hameiri will serve as FremantleMedia’s creative hub in Israel, funneling content to FremantleMedia to produce and distribute through its international network.
The newly acquired Tel Aviv-based producer specializes in entertainment formats, scripted reality and drama and has taken on such local adaptations as the FremantleMedia- and Syco Entertainment-made The X Factor, Survivor (pictured), Beauty and the Geek, The Bachelor and The Amazing Race.
The prodco has also developed a raft of original formats, including The Band, 24/7 Love Lab and Power Couple, the latter of which has been acquired in Brazil, China, South Africa, Germany, Portugal and Italy.
Prior to co-founding Abot Hameiri in 2006, Eitan Abot operated MTVS Studios, one of the largest TV studios in Israel. Guy Hameiri, meanwhile, previously served as commercial VP at MTVS and CEO of Look Talent Agency.
The acquisition is another boost for FremantleMedia’s global creative network, which previously took 25% minority stakes in Naked Entertainment, Full Fat TV and Man Alive Entertainment; and a 75% majority stake in Dutch factual indie No Pictures Please.
“Israel is a highly creative market and this acquisition gives us the perfect entry point into Israel given Abot Hameiri’s established relationships with broadcasters and talent, breadth of genre offering and creative fit,” said Sangeeta Desai, FremantleMedia COO and CEO of emerging markets, in a statement.