Metro-Goldwyn-Mayers Studios (MGM) has acquired a stake in television shows Survivor, The Voice, Shark Tank, The Bible and The Apprentice.
MGM bought 55 percent of One Three Media and LightWorkers Media, which are owned by actress Roma Downey, producer Mark Burnett (pictured) and Hearst Entertainment. Through the deal, MGM picked up One Three and LightWorkers' interests in Survivor and the other shows. Terms of the deal were not disclosed.
Interests of the television shows will be consolidated into United Artists Media Group, the latest version of well-known Hollywood Group United Artists (Tom Cruise previously owned a stake). The group will focus on developing, producing and financing content across television, non-scripted programming, motion pictures and digital content. Burnett will act as CEO of United Artists.
The group will develop a new faith-based channel that will include original content, sermons from religious leaders and film and television titles.
O'Melveny & Myers LLP represented MGM the deal. Stroock & Stroock & Lavan advised Burnett and Downey. Hearst was advised by Allen & Co. LLC.