STX Entertainment


STX president Sophie Watts steps down

STX Entertainment president Sophie Watts is set to step down from the company “to focus on new business opportunities”, according to the company. All divisions previously reporting to Watts will now report directly to CEO Bob Simonds or COO Thomas B. McGrath. Watts directly oversaw STX’s digital, VR and unscripted TV studios and was instrumental […]

Nat Geo orders tech bubble drama hybrid

National Geographic is to examine the bursting of 1990s tech bubble in a six-part drama-documentary hybrid series. Valley of the Boom will come from STXtv, and is billed as an “adrenaline-fueled ride through the culture of speculation, innovation and debauchery” that came before the bubble burst towards the beginning of Silicon Valley. Matthew Carnahan is […]

Vice plans scripted push after $450m investment

North American millennial content giant Vice Media has received US$450 million from investment firm TPG, and plans to use the funds in part to push into scripted programming. Vice CEO Shane Smith (below) told CNBC to deal values Vice at US$5.7 billion. Part of the investment will go on establishing Vice Studios, which will produce […]

More on creation of global anti-piracy coalition ACE

Execs from the 30 global entertainment companies that have come together to form anti-piracy body the Alliance of Creativity and Entertainment explains why they are involved in the initiative   “BBC Worldwide invests in, commercialises, and showcases content from the BBC around the world and champions British creativity globally. It is the lifeblood of our business […]

Major content firms pact for anti-piracy coalition

The Hollywood studios, leading SVOD services and key networks around the world have formed a global anti-piracy coalition. In total, 30 companies have come together to create the Alliance for Creativity and Entertainment (ACE) in a bid to combat illegal video and content downloads. The firms include Amazon, BBC Worldwide, CBS Corp., NBCUniversal, Paramount Pictures, […]

Tencent, PCCW buy into US studio STX

Chinese web video giant Tencent and Hong-Kong based TV and digital player PCCW have invested in fledgling US studio STX Entertainment. Both Asian companies have made “significant strategic investments” in the film-focused producer and financier, which has pushed into television through drama series such as NBC’s State of Affairs and a new unscripted arm led […]

MIPCOM confirms US Media Masterminds

Reed Midem has confirmed execs from Disney, Participant Media and STX Entertainment as keynote speakers at this year’s MIPCOM. Disney’s Ben Sherwood (above left), co-chair, Disney Media Networks, and president, Disney-ABC Television Group, will represent the Mouse House. Sherwood replaced Anne Sweeney, when the long-serving exec left Disney in 2014. From US producer and cable channel […]

Punk’d creator forms STX unscripted arm

US producer STX Entertainment has formed an unscripted television arm and appointed Punk’d creator Jason Goldberg to run it. Robert Simonds launched STX in 2014 as a film and scripted TV studio, but is now pushing into reality and unscripted shows as part of a “broader mission to create an integrated, diversified global entertainment company”. […]

Chinese conglom pays $3.5bn for Legendary

China’s Dalian Wanda is to acquire US studio Legendary Entertainment for US$3.5 billion. The Chinese conglomerate confirmed it had entered into a ‘merger agreement’ that would see it pay around RMB23 billion in cash for full control of Legendary. Previous investors such as Japan’s SoftBank and investment group Waddell & Reed are selling their stakes. […]