Refresh for latest…: Sony Pictures Entertainment recorded $179 million in operating income for the third quarter ending December 31, 2022. That figure reps an 86% decrease on a dollar basis versus the same period last year, though it’s tough to compare apples to apples here since Q3 2021 had a massive assist from the phenomenal global box office performance of Spider-Man: No Way Home along with the success of Venom: Let There Be Carnage. Meanwhile, the current quarter felt the absence of a gain from the transfer of GSN Games business in Q3 2021.
‘America’s Funniest Home Videos’ Creator Vin Di Bona Sells Majority Stake In His Production Companies To Investor Group Led By Clarion Capital
18.01.2023 - 00:45 / deadline.com
America’s Funniest Home Videos creator Vin Di Bona has sold a majority stake in his eponymous production company and FishBowl Worldwide Media to an investor group led by Clarion Capital Partners.
Di Bona is remaining CEO of both companies, which will be key components of Clarion-backed entity V10 Entertainment. V10 is led by CEO John Stevens, who founded Zoo Productions and Hangar 56 Media, and President Hans Schiff, a former non-scripted agent at CAA.
Financial terms were not disclosed, but sources familiar with the transaction said it falls in the nine-figure range, a healthy sum given the currently adverse macroeconomic conditions. The official announcement of the deal said it will furnish Di Bona’s companies with “access to substantial capital” with which they intend to expand on their family-friendly slates with new non-fiction traditional and digital titles. AFV, created long before today’s viral video era, is now in its 33rd season on ABC, making it among the longest-running primetime entertainment shows in TV history.
Clarion has previously invested in media and entertainment firms like Imax and Premiere Digital, a provider of cloud-based digital asset delivery and content optimization technology.
“Vin is one of the most successful and well-respected television producers of all time.” Stevens said. “We are thrilled to have the opportunity to work alongside Vin Di Bona and his incredible team.” Schiff added, “There is no greater way to transition from a 25-year career in representation to production with one of the finest producers in television.”
Di Bona said as he approaches his 55th year working in television, “I can think of nothing more invigorating than beginning a bold, new page in my career path.” He
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