Pair end distribution, production agreement
LONDON — John de Mol’s Talpa Media and Endemol, in which De Mol owns a substantial stake, have torn up their distribution and production pact, which they inked in October 2007.The two companies have also scrapped plans, announced in May, to set up joint-venture production companies in the major Endemol markets. Talpa is now free to decide whether to work independently in distributing and producing its TV formats or to link up with other production companies on a territory by territory basis. The pact delivered a number of deals, including “Divided,” which was sold in 10 countries; “I Love My Country,” which went to six countries, with negotiations still ongoing in many markets; “Vipers Nest,” which was sold as a ready-made product in eight countries and is to be produced as a 16-episodes Russian-language series by Endemol Moscow; as well as various TV formats such as “Dating in the Dark,” “Guesstimation” and “Celebrities on Welfare,” which are the subject of negotiations in various countries. The deals involving those TV series in production will still be completed. De Mol, through his investment fund Cyrte, bought Endemol in May 2007 as part of a consortium with Mediaset and Goldman Sachs.