MGM’s Unscripted & Alternative Television, and Orion Television division, led by Barry Poznick, has inked a first look deal with format sourcing company Small World IFT, headed by industry veteran Tim Crescenti.
Under the agreement MGM will have an exclusive first look at international formats sourced by Small World IFT and access to their existing catalog. The move bolsters the studio’s access to proven entertainment formats and unique stories from around the world. The announcement was made by Scot Cru, Executive Vice President of Global Formats and Unscripted Content at MGM who also brokered the deal.
“Tim has his pulse on what’s going on globally with new, exciting, yet to be discovered IP. He has a unique ability to source amazing formats from the far reaches of the globe and a proven track record of delivering content that not only works domestically, but around the world,”said Scot Cru.
Small World IFT, founded by Crescenti in 2005, has a long history or bringing compelling formats to the US market including Better Late Than Never, Silent Library, and I Survived a Japanese Game Show. Crescenti also discovered the landmark show Dragons’ Den aka Shark Tank while at Sony International TV. Under the new deal, Small World will continue to operate independently, with MGM support and resources.
“The format market has changed out of all recognition since Colleen and I launched Small World back in 2005. These days, finding a strong format with universal appeal isn’t enough — to bring it successfully to market, you need an equally strong partner that shares the same values and vision. We know we’ve found that friend and ally in Scot and his fantastic team at MGM. For us, this is not just a game-changing deal, but the strongest possible vote of confidence in Small World’s prospects and potential. After all, partners don’t come much bigger or better than MGM!”, said Tim Crescenti.