×
You will be redirected back to your article in seconds

Inside move: Ovitz looks to tune in TV partner

ATG eyeing significant financial investment

Mike Ovitz is stepping up his efforts to find an overall deal for his Artists Television Group.

Within the past few weeks, Ovitz has held talks with several potential partners — including CBS, NBC Studios and Twentieth Century Fox TV — about various strategic alliances, according to industry insiders. All sorts of scenarios have been bandied about, from a partnership to a possible flat-out sale of the company.

The bottom line: Ovitz is looking for a significant financial investment, and soon. Whether he’ll get it in a difficult market is an open question.

Complicating matters is ATG’s current distribution deal with Sony. Pact could limit any backend potential for any partners or buyers. ATG’s sizable talent roster could also be a double-edged sword. While it boasts several valuable names, it also carries significant overhead.

Despite stellar success at landing series on the air during its first season in business, none of ATG’s 2000-2001 series snagged renewals. Studio has an Ellen DeGeneres laffer and an reality show on the fall sked, as well two backup series orders.

More TV

  • Series Mania Unveils 2019 Festival, with

    Series Mania Unveils 2019 Festival Lineup

    PARIS — Graced by Uma Thurman, “The Good Doctor” star Freddie Highmore and “Black Mirror” creators-showrunners Charlie Brooker and Anabel Jones, the 10th Series Mania – and second in Lille, north-east France – will kick off March 22 with Netflix prominent, a broader   geographical reach and a strong presence of women writers and directors. [...]

  • Black Panther

    'Black Panther,' 'Crazy Rich Asians,' 'Westworld' Among Costume Designers Guild Winners

    “Crazy Rich Asians,” “The Favourite” and “Black Panther” walked away with top honors at the 21st annual Costume Designers Guild Awards Tuesday night, the final industry guild show before the Oscars on Feb. 24. “The Favourite” and “Black Panther” are up for the Oscar this year, along with “The Ballad of Buster Scruggs,” “Mary Poppins [...]

  • Syfy Cancels 'Nightflyers' After One Season

    Syfy Cancels 'Nightflyers' After One Season

    The George R.R. Martin drama “Nightflyers” has been canceled by Syfy after only one season. Based on the novella from the mastermind behind “Game of Thrones,” the show was seen as a big gamble for the NBCUniversal-owned cable network, as it represented the most expensive series it had ever developed. The network attempted to spark [...]

  • Batwoman Arrow

    The CW's 'Batwoman' Pilot Switches Directors, Adds Dougray Scott

    The CW has added veteran Scottish actor Dougray Scott to its “Batwoman” pilot as well as swapped in Marcos Siega for previous director David Nutter, Variety has learned. The pilot, which stars Ruby Rose as the eponymous caped heroine, is being helmed by DC TV head Greg Berlanti, and was penned by “Vampire Diaries” alum [...]

  • OG Review

    Review: 'O.G.' on HBO

    Jeffrey Wright, the most compelling reason to watch HBO’s new film “O.G.,” is among television’s best actors at switching between codes or manners of being. On “Westworld,” his timeline-toggling android swaps personae so delicately that his performance gains in resonance when recalled in retrospect. (Perhaps that’s why Wright has been so oddly underrated through the [...]

  • Nahnatchka Khan Writers Room

    Nahnatchka Khan Exits 20th Century Fox TV for Overall Deal at Universal

    Nahnatchka Khan has signed a four-year overall deal at Universal Television. The deal brings an end to the decade-plus Khan and her Fierce Baby Productions banner spent at 20th Century Fox Television. The move will see Khan exit from her role as showrunner on ABC comedy “Fresh Off the Boat,” which she also created. The [...]

More From Our Brands

Access exclusive content