Fox Entertainment and its in-house studio, Fox Alternative Entertainment have launched a $100m (£70m) international unscripted format fund to identify intellectual property for the global market.
The fund will invest in and develop unscripted ideas, ranging from reality-competition and variety series to dating and other genres, for local networks and platforms.
FAE will co-produce series selected by the fund with each series’ partner.
Rob Wade, President of Alternative Entertainment and Specials of FOX Entertainment, will be responsible for overseeing the fund.
“Many of the most powerful series that have changed the face of television were unscripted formats that originated outside the United States,” says Wade.
“With a deep well of undiscovered ideas across the globe waiting to be recognized, FAE stands ready to deploy this format fund to partner with local creators and networks to develop cost-effective and innovative, broad-based programming that, in success, will also benefit Fox here at home.”
FAE recently produced variety competition program The Big Deal for Ireland’s Virgin Media Television in partnership with Dublin-based BiggerStage. The series, presented by Vogue Williams marks the channel’s most successful original format launch, winning its time period by 20% across all viewers and improving the full year-to-date slot average by 50%. The Big Deal was created and is owned by FAE.
FAE was formed in 2019 to oversee the production of Fox’s hit singing-competition series and television’s The Masked Singer. In addition FAE produces I Can See your Voice, The Masked Dancer, Name That Tune and Fox’s New Year’s Eve Toast & Roast 2021, as well as co-produces Ultimate Tag.
News shows produced by FAE include Crime Scene Kitchen, singing competition Alter Ego, Domino Masters, with Eric Stonestreet hosting, and Next Level Chef, a cooking competition, hosted by Gordon Ramsay and from the recently announced Studio Ramsay Global.
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