Ryan Seacrest Prods.’ unscripted division is moving into a deal with Endemol Shine North America.
The agreement is not an outright acquisition of RSP’s unscripted assets, like most of Endemol’s past pacts with independent production outfits. But Endemol Shine will take on the staff, development and overhead costs for RSP’s busy unscripted wing, which is home to the Kardashian series on E!, Bravo’s “Shahs of Sunset” and ABC Family’s upcoming “Becoming Us,” among other shows.
The deal won’t kick in until the end of this year as RSP is still in an unscripted TV financing deal with iHeartMedia (formerly Clear Channel) through year’s end. The RSP banner will retain its moniker and staff, led by programming president Eugene Young and COO-CFO Jeff Refold.
“Ryan is not only one of the TV industry’s leading broadcasters, but over the last decade, he has also proven to be one to the top producers of unscripted programming in the world,” said Cris Abrego and Charlie Corwin, co-chairs and co-CEOs of Endemol Shine. “We are thrilled Ryan and his talented team will join our family of award-winning production companies at Endemol Shine, where we can now offer unmatched global distribution and resources.”
Added Seacrest: “Of all the potential partners, there’s no doubt Endemol Shine is the best fit for our unscripted division. This new partnership enables us to retain our brand independence, while also giving us a fantastic opportunity to access international resources, invigorating our storytelling possibilities, and helping us scale the business in a smart way.”
RSP’s scripted division, led by exec VP Nina Wass, will remain under an overall deal at CBS Television Studios.