Penntertainment

This Penn Producer Just Sold His Company in a 200 Million Dollar Deal

Which alum just sold his production company in a deal valued at 200 million dollars(!) and said this?

“It’s about exploiting our content and taking what we own and doing more with it …We haven’t done nearly enough with our shows.”

Per today’s Variety:

“In a deal valued at upward of $200 million, Endemol USA has acquired Cris Abrego and Mark Cronin’s (Eng ’86, Mask and Wig) 51 Minds Entertainment, the reality factory that perfected the celebreality genre with nonscripted comedies such as “Flavor of Love,” “I Love New York” and “The Surreal Life.”

Read the complete article here

More of my Mark Cronin posts here

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