Warner Bros.’ Shed Media Group is restructuring management ranks at its production shingles Ricochet and Shed Media U.S. High Noon Entertainment EVP and Cake Boss exec producer, Pamela Healey, has been named general manager of Shed Media U.S. where she’s been tapped to lead development and production of original unscripted series as well as U.S. format versions of programs from Shed’s British companies. Shed Media U.S.’ current president, Nick Emmerson, will co-manage the company while Healey transitions in. At the same time, he is taking over the CEO role at Supernanny producer Richochet, replacing Nick Powell who is segueing to the post of chief creative officer. Emmerson will focus on growing the business while Powell will be responsible for creating new formats and developing relationships with onscreen talent. Before Emmerson took the top job at Shed U.S. in 2009, he was an executive producer at Ricochet, where he co-created the British version of Supernanny then exec produced the U.S. version for ABC. His other U.S. credits include Bravo’s The Real Housewives Of New York City, Animal Planet’s It’s Me Or The Dog and VH1’s Basketball Wives and Hollywood Exes. Shed Media U.S. was formed in 2009 as the American production arm for Shed Media Group’s UK production companies, which then included Ricochet, Wall to Wall, Twenty Twenty and Shed Productions.
The studio’s TV arm has completed its acquisition of one of the UK’s largest independent producers. Warner wanted Shed Media, which makes Supernanny for America, because it wants to expand overseas, replicating the success it has had in America with shows such as The Wire and Gossip Girl – both of which have exported well. Shed will remain an independent producer. Outright Distribution, its TV sales company, will be folded into UK-based Warner Bros International Television Production. But the Outright brand will remain without any job losses.
Shed Media, the UK producer which Time Warner wants for £100 million, has announced a 22% rise in first-half profits to £6.2 million ($4 million). Turnover was also up 27% in the first six months to £59 million. This broke down into £25.5 million from its UK production business, £26.2 million from U.S. production and £7.3 from programmes sales. Chairman Heather Rabbatts singled out the launch of the U.S. version of Who Do You Think You Are? and the continued success of Supernanny in the States as factors behind Shed Media U.S. growth. The Time Warner/Shed Media deal looks set for mid-October.
Paris-based Zodiak has bought an 8% stake in UK independent TV producer Shed Media. Another 2% more and Zodiak could stymie Time Warner, which is trying to buy Shed. Cyrte Investments, the investment company of Endemol-founder John De Mol, sold its 7.8% Shed stake to Zodiak on June 1. But the deal has only just come to light in a Stock Market footnote to another Shed investor, Aviva, selling 6% of its shares.
Last month, Zodiak closed a deal to acquire U.K.’s RDF Media Group, already creating the third largest independent TV production company in the world.
Time Warner could pay up to £90 million ($135 million) for Shed. The studio wants Shed, which makes Supernanny for America, because it wants to expand overseas, replicating the success it has had in America with hit shows such as The Wire and Gossip Girl – both of which have exported well. It recently hired ex-Tiger Aspect managing director Andrew Zein to buy independent TV producers and grow Warner Bros’ UK production business.