Endemol acquires Southern Star Group from Fairfax Media
26 January 2009
Endemol has announced its 100 per cent acquisition of Southern Star Group from Fairfax Media.The deal incorporates Southern Star International, Southern Star Entertainment and SouthernStar's 49 per cent share in the joint venture company Endemol Southern Star.Southern Star's library of over 14,000 hours of content includes drama, children's TV, animation,entertainment and reality formats and factual programmes.Its programming includes representation of global hits Home and Away and City Homicide(Seven Network Australia), McLeod's Daughters (Nine Network and Millennium Pictures),Wire in the Blood (Coastal Productions), Hi-5 (Hi-5 Operations Pty Limited), the Nine LightEntertainment Catalogue (Nine Network Australia) as well as Seven Network's latest series Packed to the Rafters. The Southern Star catalogue includes long running dramas such as Blue Heelers, Water Rats, Secret Life of Us, Love My Way and Blue Water High as well as forthcoming Southern Star productions like new action drama series Rush and new for 2009, Rescue and Tangle.Hugh Marks will continue as CEO of Southern Star Group reporting to Ynon Kreiz, chairman and chief executive officer of Endemol Group. Endemol Southern Star and Southern Star Entertainment will continue to be headed up by managing director Rory Callaghan, reporting to Marco Bassetti, chief operating officer of Endemol Group. Southern Star International will continue to be headed up by CEO Cathy Payne, who will work from London and Sydney, reporting to Tom Toumazis, Endemol's recently appointed chief commercial officer who formally joined the company at the start of this year.
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