New Fox Entertainment CEO Rob Wade has talked up the potential for TMZ to become a “huge entertainment studio,” setting out his stall at Mipcom Cannes for the first time since he replaced Charlie Collier.
TMZ was acquired in a $50M deal last year from then-WarnerMedia, handing Fox control of TMZ’s linear, digital and experiential assets. “We feel there’s an opportunity for TMZ to be a huge entertainment studio,” said Wade. “21st Century Fox has allowed us to invest and acquire at a time when other networks are consolidating and spending less.” Wade has already been testing the waters with TMZ-produced content in his former job as reality chief with series such as UFOs: The Pentagon Proof, which aired on Fox last summer and Who Really Killed Michael Jackson?, which aired in September.
The tabloid’s syndicated TV show TMZ on TV has aired on Fox’s owned and operated stations since 2007 and has been renewed through the 2022/23 season.
TMZ was founded by former KCBS-TV Los Angeles correspondent Harvey Levin and the late Telepictures executive Jim Paratore in 2005.
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