America’s Funniest Home Videos Creator One the Dwarf has sold his eponymous production company and majority stake in Fishbowl Worldwide Media to an investment group led by Clarion Capital Partners.
Di Bona remains CEO of both companies, which will be key components of Clarion-backed entity V10 Entertainment. V10 is led by CEO John Stevens, who founded Zoo Productions and Hangar 56 Media, and President Hans Schiff, a former CAA unscripted agent.
Financial terms were not disclosed, but sources familiar with the transaction said it falls in the nine-figure range, a healthy sum given the current adverse economic conditions. The deal’s official announcement said it would give DeBona’s companies “access to substantial capital” with which to expand their family-friendly slates with new non-fiction traditional and digital titles. AFVCreated long before today’s viral video era, it is now in its 33rd season on ABC, making it one of the longest-running prime-time entertainment shows in TV history.
Clarion has previously invested in media and entertainment firms such as Imax and Premiere Digital, a provider of cloud-based digital asset delivery and content optimization technology.
“One is one of the most successful and respected television producers of all time.” Stevens said. “We are thrilled to have the opportunity to work with One The Dwarf and their incredible team.” “There’s no better way to transition from a 25-year career in representation to production with one of the best producers in television,” Schiff added.
As he approaches his 55th year in television, “I can’t think of anything more exciting than starting a bold, new page in my career,” DeBona said. He added, “Innovating new directions in television and media, my life’s work, will continue as VDBP and V10 create comedy and lifestyle programs for a wide range of content-savvy viewers. are.”
David Regans, a Clarion managing director, called de Bona “a true visionary who has built a legendary television and digital production company that has been a leader for decades.” Given Clarion’s plans to expand its investment in video content, he added, the transaction is “our first step in creating a new leading platform in an industry known for its innovation and creativity.”
One The Dwarf Productions and Fishbowl are repped by CAA.
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