Endemol has taken a majority stake in Kuperman, the production company create by ex-Endemol and Fox Kids boss Ynon Kreiz. Following the deal, the production and distribution company has formed a new Israeli unit, Endemol Israel.
Israel has proved a hotbed of creativity in recent times with a slew of entertainment and drama formats coming out of the country. Endemol said that taking over Kuperman and creating Endemol Israel will allow it to invest in format development across all genres in Israel for both the local and international markets.
Endemol Israel will also produce Endemol’s international formats for the Israeli market.
Elad Kuperman, co-owner of Kuperman, will lead Endemol Israel as CEO.
Media investor and entrepreneur Ynon Kreiz, has sold his 50% stake in Kuperman, which he acquired in 2009 and will exit the company as part of the deal.
Just Spee, CEO of Endemol Group comments: “The high volume of innovative formats coming out of the region continues to grow and our ability to deliver this content to our clients around the world makes this an exciting opportunity. Kuperman is already Israel’s number one TV producer and our partnership underlines Endemol’s commitment to investing in the very best creativity and talent around the world.”