Tim Hincks has been named president of the new Endemol, Shine Group and Core Media joint venture.
In the role, the London-based Hincks (pictured above) will report to Sophie Turner Laing, CEO of the global multi-platform content provider. The duo will develop and grow the creative and strategic direction of the new company, and will have specific responsibility for the U.K. and U.S.
Hincks first joined Endemol in 1999; he was appointed president of the group in 2012.
21st Century Fox and Apollo recently announced a final agreement to create a global multi-platform content provider, bringing together the three companies. Under the terms of the agreement, 21st Century Fox and Apollo will jointly manage the group, each owning 50 percent. The new company will have creative operations in over 30 markets, with a portfolio of more than 600 revenue-generating formats in both the scripted and non-scripted genres, as well as digital, gaming, and distribution operations.
Completion of the transaction is still subject to regulatory clearances and other customary closing conditions. Prior to completion of the transaction, Endemol, Shine and Core will continue to operate as separate entities.
Upon completion of the transaction — which is expected at the end of this calendar year — Core will retain its own capital structure.
“This new joint venture will establish one of the world’s most exciting, diverse and dynamic businesses for creative talent,” Hincks said. “It will be a place that gives the best people in our industry the freedom to pursue new ideas that they believe in and to take creative risks to realize their ambitions on a global scale. I’m thrilled to be working with Sophie, and with the brilliant teams at Shine, Core and Endemol, each of whom have made these great companies what they are today.”
“I’m delighted that Tim, whose experience and understanding of creative entrepreneurship and talent is first class, will be working with me to grow this new group,” continued Turner Laing. “The Company will be one of the world’s most innovative and diverse content creators, with exceptional talent, commercial expertise and resources that enable talent in each market to deliver outstanding content across genres and platforms.”
Just Spee, CEO of Endemol Group added: “Having worked with Tim for the last two and a half years I have no hesitation in saying that the new joint venture couldn’t have a more ideally suited executive in this key role. Tim’s creative and strategic leadership at Endemol, and his support to me as CEO, have been invaluable. His appointment alongside Sophie strongly positions the business for what is sure to be an incredibly exciting new chapter.”