Bunim/Murray Productions (BMP) and South Korea's Signal Entertainment Group on Thursday announced a joint development deal to create new formats targeting Asia.
A Banijay Group company, BMP is known for producing franchises such as Keeping Up With the Kardashians, Project Runway and The Real World. Signal's show production division (formerly known as Uni-One) has produced over 60 successful TV series including the hit music program I Can See Your Voice (Mnet) and popular cooking show Take Care of My Fridge (JTBC).
Signal Entertainment Group will handle distribution of new formats coming out of the co-development deal for the South Korean, Hong Kong and Chinese markets. Banijay Rights will handle worldwide distribution for new formats outside of those territories and continue to manage global distribution for existing BMP formats.
"South Korea is currently one of the hottest markets for new formats and creativity, so when we were approached about a partnership with Signal for the Asian region, we recognized the great potential of such a deal," said BMP chairman and CEO Gil Goldschein. "Signal is a creative and production powerhouse run by extremely talented CEO Michael Kim who knows the global media space extremely well. I am excited about the opportunity to share our formats that can travel to South Korea and China as well as the chance to bring local South Korean formats to the U.S. market."
Said Signal Entertainment chairman and CEO Michael Kim: "As technology and new platforms bring people of the world closer to each other, there is more opportunity for great content to travel farther and cross cultural borders. I am truly excited about this partnership with Bunim/Murray and firmly believe that the exchange of creative ideas between the two companies will attract new audiences across multiple territories."
Jeff Jenkins, co-president of entertainment and development at BMP, and Agnes Lee and David M. Uslan, senior vp production at Uslan Entertainment, will oversee the partnership on behalf of Signal.