Reality TV Chiefs Discuss Controlling IP and Finding Successful Formats

Variety | 6/12/2019 | Joe Otterson
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Several top unscripted TV executives and producers descended on the Variety TV Summit Wednesday to break down how the genre has impact the entertainment business.

Rob Wade, Fox Entertainment’s president of alternative entertainment and specials, said having successful formats is clearly a good thing, but it does come with drawbacks from an economic point of view. He explained that finding and pushing new IP is essential for moving the cultural conversation forward as well as ensuring a strong bottom line.

Things - Deals - Shows - Years - Deals

“One of the things we need to be aware of is that the deals that were done on shows 10, 15 years ago are not the deals that you do now,” Wade told Variety’s Michael Schneider. “To move forward as a media company, we do need to start controlling more IP. At Fox we’ve started our own production entity and the reason for that is simple economics.”

ABC Entertainment’s senior vice president of alternative series, specials and late-night programming Rob Mills went into ABC’s recent crop of revivals of hit unscripted shows like “Match Game,” “The Gong Show” and most recently “Press Your Luck.” Mills said the trend started “accidentally” after the network hit it big with “Celebrity Family Feud” with Steve Harvey and from there it was a “natural evolution.”

Features - TV - Nostalgia - Reboots - Things

“You see it certainly in both features and TV that nostalgia is really playing again, whether it’s true reboots of things or something like ‘Stranger Things’ that just feels like it existed 30 years ago,” he said. “This was certainly the same category. ‘Press Your Luck’ was...
(Excerpt) Read more at: Variety
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