Cris Abrego, Charlie Corwin to head Endemol, Shine Group and CORE Media
| 30 October 2014
The joint venture by 21st Century Fox and Apollo that brings together Endemol, Shine Group and CORE Media has named Cris Abrego and Charlie Corwin as co-chairmen and co-CEOs for North America.
In their new roles, Abrego and Corwin will continue to report to Tim Hincks, president of Endemol, and will continue to spearhead day-to-day operations across Endemol's operations in the US, in addition to assuming responsibility for Shine America upon completion of the transaction.
Peter Hurwitz will oversee CORE Media as president.
"Cris and Charlie are exceptionally creative entrepreneurs and leaders who are tremendously respected by the creative community, partners, and colleagues alike," said Hincks. "Together with Peter we couldn't ask for stronger executives to spearhead the venture's US operations into a new phase of creativity and growth."
Also, Rich Ross, CEO of Shine America, will leave the company at the end of November. Shine Group CEO will step in until the joint venture launches.
21st Century Fox and Apollo recently announced a final agreement to create a leading global multi-platform content provider, bringing together Endemol, Shine Group and CORE Media. Under the terms of the agreement 21st Century Fox and Apollo will jointly manage the newly created group, with each owning 50%. Upon completion of the transaction, CORE will retain its own capital structure.