CORE Media Group is said to be testing the market to sell off Elvis Presley’s Graceland mansion and rights to images of Presley and Muhammad Ali. The Financial Times reports the assets could fetch more than $200M. Citing people familiar with the matter, the FT says CORE, which co-produces American Idol, is eyeing bidders in Asia, Europe and the U.S. for Elvis Presley Enterprises and Muhammad Ali Enterprises. The Raine Group has been hired to advise. However, if it is not satisfied with offers, CORE could retain the properties. Combined, the assets generate about $60M a year in revenues.
EXCLUSIVE: CORE Media Group, which co-produces American Idol, is expanding its unscripted portfolio by acquiring an ownership stake in Rhett Bachner and Brien Meagher’s B17 Entertainment. Under the agreement, signed in a competitive situation with multiple suitors pursuing Bachner and Meagher, CORE will join forces with the duo to develop and produce non-fiction programming and explore multi-platform content opportunities, including mobile games and web-based series. “B17 is a forward thinking production company and teaming up with them fits perfectly into CORE’s overall mission of producing and owning great content for all platforms,” said CORE president Marc Graboff, while the company’s head of U.S. Television Jen O’Connell called B17 ”part of the next generation of great prod companies.”"They’re prolific, and they have such great ideas that are inventive and fresh,” she said. At CORE, Bachner and Meagher join unscripted producer Rob Lee, who signed a deal there a year ago, Matt Sharp, whose company CORE acquired last summer, as well as Sean Hayes and Todd Milliner, whose Hazy Mills Prods. has a deal with CORE for scripted, unscripted and digital projects that fall outside of their deal at NBC. Additionally, CORE recently launched a scripted venture with Noreen Halpern and has Simon Shaps building its international base.
Veteran producer Glenn Stickley (The Amazing Race) has joined Core Media Group, the umbrella company whose portfolio includes reality series American Idol and So You Think You Can Dance, as SVP TV Production, while former FremantleMedia exec Jenny Ramirez has been hired as VP Development and Production. Both will report to Jennifer O’Connell, head of Core’s U.S. Television Division. Under President Marc Graboff, Core has been expanding its production capabilities through deals with independent producers, including acquiring Sharp Entertainment.
CORE Media President Marc Graboff has recruited a former NBC colleague to oversee the company’s original scripted and unscripted production and development. Jennifer O’Connell has been named head of U.S. Television for CORE Media Group. She will start in mid-October, based in the company’s Los Angeles offices and reporting to Graboff. “I have always been impressed by Jen’s intelligence and creativity, as well as her great relationships in the creative community,” said Graboff. “With her deep experience on the selling and producing side of the television business, coupled with her prior expertise as a network buyer, Jen is truly the ideal executive to lead CORE’s television operations.”
Former NBCUniversal executive Cameron Death has joined CORE Media Group as Chief Revenue Officer. In the newly created position, he will be responsible for creating and extending revenue through sponsorships, integrated marketing, and the development of other ancillary revenue streams, reporting to new CORE president Marc Graboff who …
CORE Media Group (formerly CKx), the umbrella company whose portfolio includes reality series American Idol and So You Think You Can Dance, the Elvis Presley estate and the Muhammad Ali brand, has signed its first producing partnership. Core has inked a multiyear production and consulting pact with Rob Lee and his Bayonne Entertainment. Lee will develop and produce all his future television and digital projects through Core and will advise Core CEO Marc Graboff on original TV content production and distribution. He will be based in Los Angeles and work out of the offices of Core’s 19 Entertainment.