Fox Entertainment and its in-house studio Fox Alternative Entertainment have launched an unscripted format fund with the goal to identify IP for the global market.
The fund will invest in and develop internationally originated unscripted program concepts ranging from reality competition and variety series to dating and other genres for provincial networks and platforms.
FAE will co-produce series selected by the fund with each series’ partner.
Rob Wade (pictured), president of alternative entertainment and specials, Fox Entertainment, will be responsible for overseeing the fund.
“This fund presents us with the opportunity to continue identifying and curating formats that fulfil several key objectives: diversify our slate of owned content, expand FOX’s interests globally and better serve our platform partners,” Charlie Collier, CEO, Fox Entertainment, said in a release.
“Many of the most powerful series that have changed the face of television were unscripted formats that originated outside the United States,” Wade added. “With a deep well of undiscovered ideas across the globe waiting to be recognized, FAE stands ready to deploy this format fund to partner with local creators and networks to develop cost-effective and innovative, broad-based programming that, in success, will also benefit Fox here at home.”
FAE recently produced the variety competition program The Big Deal for Ireland’s Virgin Media Television in partnership with Dublin-based BiggerStage. The studio was formed in 2019 to oversee the production of Fox’s The Masked Singer, and now produced such titles as I Can See Your Voice, The Masked Dance and Name That Tune, among others.
The news comes a day after BBC and NBCUniversal unveiled a similar effort to find and fund unscripted programming in the UK.