The Los Angeles-based company formed last fall after parent Relativity Media’s creditors led by Anchorage Capital Group bought its television assets following the Ryan Kavanaugh-led shop’s Chapter 11 bankruptcy filing and subsequent restructuring.
Anchorage, as well as Falcon Investments and Luxor Capital, have pumped $75 million in growth capital into the new operation, which will focus on producing unscripted and scripted programming for domestic and international outlets.
Forman, who was previously Relativity’s CEO, will take on the same role at Critical and Marcus will serve as president and COO. The company has more than 50 projects in the works with more than 30 networks, including Catfish for MTV, The Woodsmen for History, Boonies for National Geographic Channel and The Great Food Truck Race for Food Network.
The Catfish format is also being produced in Chile, Colombia and Mexico with other territory deals covering Western Europe expected soon.
“With only a few remaining truly independent production companies, we are well positioned to capitalize on a historic time in the entertainment industry,” Forman said in a statement. “I am excited to pursue this opportunity with a remarkably talented and creative team with an awesome track record for big ideas and top-notch execution. Critical really is the best of all worlds — fully independent, totally nimble, and very well financed.”
Critical is also expanding its roster overall deals with reality producers George Verschoor (Extreme Makeover: Home Edition), Gunnar Wetterberg (Top Chef) and Alex Demanyenko (Tough Enough). The company has also inked a development partnership with Israel’s Create-IT Studio (Raid The Cage).
Additionally, the company is ramping up scripted production through partnerships with writers and producers. Critical has projects in the works with Joshua Leonard and Cary Fukunaga for Epix, writer Eric Jendresen for ABC and Shuki Levi for Nick Jr. and its development slate includes projects with Oliver Stone, Nick Cassavetes, Mike Medavoy and Skip Woods.
Critical Content is represented by WME.