AMC’s Charlie Collier will run entertainment for “New Fox” following the close of 21st Century Fox’s sale of film and TV assets to Disney.
Collier’s title will be CEO of entertainment. He had previously served as president and general manager for AMC Networks, presiding over AMC’s reinvention into a scripted drama powerhouse on the strength of Emmy darlings like “Mad Men” and “Breaking Bad” and the striking ratings of “The Walking Dead.”
“Charlie is a singular talent, combining creative success with operational expertise to lead the AMC Network with some of television’s most memorable programming,” said “New Fox” CEO Lachlan Murdoch. “Charlie’s skills and experience will help Fox continue to transform the broadcast television business.”
Following the close of the deal, which is expected sometime early next year, Gary Newman will leave the company. Newman, along with Dana Walden, had served as chairmen and CEOs of the Fox Television Group. Walden is moving over to Disney to lead Disney-ABC’s TV networks and studio. Walden and Newman will remain in their current roles with Fox until the close of the deal. Collier will begin to transition into his new role Nov. 1.
“I am incredibly gratified by the accomplishments, relationships and legacy we created during my time with the Fox family,” said Newman in a statement. “Charlie is a longtime friend and colleague and he will be inheriting a team of passionate and incredibly talented executives. This accelerated transition allows me to pursue new opportunities on my own timeline with the comfort I am leaving the network in capable hands.”
Per an insider with knowledge of the situation, it was always the plan for Newman to remain with Fox through the duration of the current broadcast TV season. Though there had been some conversations about Newman potentially staying on board, the company had been looking for a permanent entertainment CEO. Once they found Collier, they decided to make the announcement now.
The hire also signals that Fox, despite losing its sister studio 20th Century Fox in the deal to Disney, will remain a major player in the scripted business. The company has made live sports a major part of its programming strategy, with its “Thursday Night Football” deal and its upcoming WWE deal for “Smackdown Live.”
Collier has previously held roles with Oxygen and A&E Networks.
“I can’t imagine a more exciting next step than this new role at Fox, which combines the power and reach of a broadcast division, some of the best live assets on the planet from which to build entertainment audiences and fan engagement, and a proven leadership team with a ‘make new rules’ start-up mentality,” said Collier. “I’m proud of my last decade-plus at AMC Networks as the combination of a remarkable team and world-class talent led a transformation of AMCN into both a thriving global entertainment company and a premier original programmer.”
AMC Networks, meanwhile, will continue to be led by CEO Josh Sapan and COO Ed Carroll. David Madden also joined last year as president of programming for AMC, SundanceTV and AMC Studios. The company is looking for a permanent replacement for Collier.
“Charlie Collier is a stellar executive and leader. This is a great opportunity for him and we know he will make an enormous contribution to this new venture,” said Carroll. “We will miss him and are so thankful for his many achievements here over the past decade, helping to build AMC into a powerful brand and force in original programming, and to build AMC Studios into a robust entity producing outstanding content across our portfolio of national networks. We wish him great success.”
9 Biggest Billion-Dollar Entertainment and Media Deals in 2017 (Photos)
While all eyes were on AT&T's $85 billion acquisition of Time Warner, announced in late 2016 but facing an antitrust lawsuit from the Justice Department, there were plenty of other megadeals in media, tech and entertainment that kept investment bankers busy in 2017.
Here are some of the biggest deals of the year:
Getty Images
Disney to acquire most of 21st Century Fox for $52.4 billion
In a massive deal that could change the entertainment industry even more than AT&T-Time Warner, Disney announced plans to acquire Fox's film and TV studios and much of its non-broadcast television business, including regional sports networks and cable networks such as FX, FXX and Nat Geo. Disney would also pick up Fox’s stake in the European pay-TV giant Sky — and be better positioned to win regulatory approval to complete the acquisition of the 61 percent of the company it does not already own.
Discovery Communications agrees to buy Scripps Networks Interactive for $11.9 billion
The merger of two cable powerhouses brings together channels including Discovery, Science, Food Network and HGTV – and could give the combined company a stronger position as pay-TV continues to migrate to the internet.
Discovery/Scripps
Sinclair Broadcast Group agrees to buy Tribune Media for $3.8 billion
This deal, if approved, would give conservative-leaning Sinclair control of 223 stations in 108 markets, including 39 of the top 50, covering 72 percent of households in the country. And it's only possible under rule changes implemented by new FCC Chairman Ajit Pai.
Sinclair/Tribune
Cineworld offers to buy Regal Cinemas for more than $3 billion
After a string of movie theater mergers last year, the sector has quieted down -- along with the box office. And while this isn’t yet a done deal -- or even an accepted offer -- British chain Cineworld made a late November bid of $23 a share for the U.S.’s No. 2 cinema chain.
Cineworld/Regal
Meredith Corp. acquires Time Inc. for $2.8 billion
The magazine megadeal is a sign of changing times in the publishing industry, with the owner of esteemed brands like Time, Fortune and Sports Illustrated selling to the parent of Better Homes and Gardens and Country Life – backed by $650 million from big-time conservative donors the Koch brothers.
Meredith/Time
Verizon acquires Straight Path Communications for $2.3 billion
Straight Path may not be a household name, but it was the subject of a bidding war between AT&T and Verizon. The company is one of the largest owners of millimeter wave spectrum, seen as key to the buildout of 5G networks, which should power much faster mobile internet -- better for video -- in the near future.
Verizon/Straight Path
Disney buys the rest of BAMTech for $1.6 billion
The Mouse House jumped into internet TV in a major way in 2017, announcing upcoming Disney and ESPN-branded streaming services and acquiring the rest of streaming tech company BAMTech to power those products.
Disney/BAMTech
Entercom buys CBS Radio for $1.5 billion
CBS Radio was intended to be spun off from its broadcast parent in an IPO, but instead it was scooped up by a competitor. The combined company, now the second largest radio business in the country, owns and operates 244 stations in 47 markets.
Entercom/CBS Radio
MGM buys the rest of Epix for $1 billion
The independent studio went all in on the pay-TV business, buying the rest of the premium cable network from Viacom and Lionsgate. And that's paid immediate dividends, as MGM's media networks division propelled it to a strong third quarter.
MGM/Epix
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Rewind 2017: Media and content consolidation continued this year
While all eyes were on AT&T's $85 billion acquisition of Time Warner, announced in late 2016 but facing an antitrust lawsuit from the Justice Department, there were plenty of other megadeals in media, tech and entertainment that kept investment bankers busy in 2017.