Bunim/Murray, Signal Enter Joint Development Deal

LOS ANGELES/SEOUL: Bunim/Murray Productions (The Real World, Project Runway) has inked a deal with South Korea-based Signal Entertainment Group that will see the two companies develop new formats.

Signal Entertainment Group will handle the distribution of new formats resulting from the co-development deal for South Korea, Hong Kong and China. Banijay Rights will handle worldwide distribution for new formats outside of those territories and will continue to manage global distribution for existing Bunim/Murray Productions formats.

“South Korea is currently one of the hottest markets for new formats and creativity, so when we were approached about a partnership with Signal for the Asian region, we recognized the great potential of such a deal,” said Bunim/Murray Productions’ chairman and CEO, Gil Goldschein. “Signal is a creative and production powerhouse run by extremely talented CEO Michael Kim, who knows the global media space extremely well. I am excited about the opportunity to share our formats that can travel to South Korea and China as well as the chance to bring local South Korean formats to the U.S. market.”

“As technology and new platforms bring people of the world closer to each other, there is more opportunity for great content to travel farther and cross cultural borders,” commented Signal Entertainment’s chairman and CEO, Michael Kim. “I am truly excited about this partnership with Bunim/Murray and firmly believe that the exchange of creative ideas between the two companies will attract new audiences across multiple territories. I thank David Uslan [the senior VP of production at Uslan Entertainment] for arranging this deal.”