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King World Productions

From Wikipedia, the free encyclopedia

King World Productions, Inc.
TypeIn-name only unit of CBS Media Ventures. Operating as KWP Studios.
IndustryTelevision production
Television syndication
PredecessorEyemark Entertainment
Founded1964; 58 years ago (1964)
FounderCharles King
DefunctSeptember 27, 2007; 14 years ago (2007-09-27)
FateMerged with CBS Paramount Domestic Television to form CBS Television Distribution (which was later rebranded as CBS Media Ventures)
SuccessorCBS Media Ventures
HeadquartersNew York City
Los Angeles
Atlanta
OwnerNational Amusements (2000–2007)
ParentIndependent (1964–1999)
CBS Corporation (1999-2000, 2006–2007)
Viacom (2000–2005)
DivisionsCamelot Entertainment Sales

King World Productions, Inc. (also known as King World Entertainment, King World Enterprises, or simply King World) was a production company and syndicator of television programming in the United States independently established in 1964 until acquired by CBS in 1999, with its eventual 2007 incorporation into CBS Television Distribution (now CBS Media Ventures). Following the death of Roger King, the company continues to exist on paper as an intellectual property holder and under the moniker of KWP Studios to hold the copyright for television shows like Rachael Ray, which premiered nationally on September 18, 2006.

History

King World logo from 1984 to 1999.
King World logo from 1984 to 1999.

Founding with The Little Rascals

The division was started in 1964 by Charles King (1912–1972). It was a company that expressly handled television distribution of the Hal Roach-produced Our Gang short comedy films from the 1930s. When Roach lost the rights to the name Our Gang (it was retained by the Metro-Goldwyn-Mayer film studio, who bought the series from Roach in 1938), the shorts were retitled as The Little Rascals.[citation needed]

It was through this acquisition that the comedy shorts made from 1929 through 1938 have been made available to audiences for the past fifty years. King World later co-produced an animated TV special with Muller-Rosen Productions and Murakami-Wolf-Swenson in 1979 called The Little Rascals Christmas Special and later co-produced an 1982–1984 animated The Little Rascals TV series with Hanna-Barbera. King died in 1972 and the company was taken over by King's children: Roger M. King (1944-2007), Michael (1948-2015),[1] Robert (1940-2020),[2] Diana (1949-2019),[3] Richard (1941-2020),[4] and Karen.[citation needed]

1980s expansion

In 1983, the company acquired the syndication rights to NBC's daytime game show Wheel of Fortune. Merv Griffin, the show's creator and producer, had shopped the program to various other studios prior to reaching a deal with King World. King World also would acquire the rights to distribute Griffin's own long-running talk/variety program from Metromedia's syndication division.[citation needed] A year later, Griffin announced plans to revive another of his game show creations, Jeopardy!, and King World agreed to distribute that program as well.

In 1984 King World formed an ad-sales barter division called Camelot Entertainment Sales. Later that year president Robert King left the company to form The Television Program Source; a television syndication company that was founded as a joint venture between King, Alan Bennett, and Columbia Pictures Television.[5] King World also purchased television and film distributor Leo A. Gutman, Inc. whose titles included the theatricals Joan of Arc, Anna Karenina and the Sherlock Holmes and East Side Kids series; and two 1960s television westerns, Branded and The Guns of Will Sonnett.[6]

In 1986, King World signed Oprah Winfrey to a syndication deal and agreed to distribute her Chicago-based daytime talk program nationally, resulting in the premiere of The Oprah Winfrey Show in September of that year. The acquisitions paid off, and Oprah, Jeopardy! and Wheel of Fortune became three of the most popular shows in the history of television syndication, drawing high rating consistently well into the 21st Century. In particular, The success of Oprah eventually led to the creation of the spin-off series Dr. Phil, Rachael Ray, and The Dr. Oz Show.

Other acquisitions

On February 11, 1985, King World formed the King World Enterprises division to develop joint-venture programs with advertisers and station groups and to handle international distribution for King World and Camelot.[7] In 1987, King World's Camelot Entertainment Sales entered into an agreement with Buena Vista Television, whereas Camelot would sell all national spots for all programming produced by Buena Vista Television, which included Siskel & Ebert, DuckTales, Disney Magic I and Win, Lose or Draw, and Camelot was willing to accept the lower figure because DuckTales represent King World's first foray into the animated strip business, and Disney Magic I marked King World to the barter movie operation business for the first time.[8]

In 1988, the company made its only foray onto television stations when it bought out WIVB-TV in Buffalo for $100 million.[9] King World ended up selling the station to LIN TV Corporation in 1994.[10]

1990s: King World Direct and KWP

In the 1990s, King World operated an "As Seen on TV" VHS service called King World Direct.

Stuart Hersch, a lawyer by trade, was the financial expert who helped to take the company public, making it one of the hottest stocks on Wall Street at the time.[citation needed] The company traded as "KWP". King World had virtually no debt and generated hundreds of millions of dollars in revenues after going public.[citation needed]

Television stations that broadcast King World programming had first choice on any series King World offered to distribute.

On November 25, 1991, King World acquired the Hollywood Squares format rights from Orion Pictures after Orion closed down its television division.[11] In 1995, it made a partner deal with Columbia TriStar Television to launch game shows.[12]

In 1996, King World began co-distributing Geraldo (later The Geraldo Rivera Show) with Tribune Entertainment, and would continue co-distributing the show until its cancellation in 1998.

On September 28, 1998, King World acquired the worldwide leasing rights to the solo-developed game shows by Merrill Heatter Productions for a limited time.[13]

CBS and Viacom acquisition

In 1999, King World was acquired by CBS.[14][15] On January 19, 2000, Eyemark Entertainment, the successor to Westinghouse Broadcasting following the CBS/Westinghouse Electric Corporation merger, was folded into King World.[16][17] The sale was first discussed on March 28, 1999, for $3 billion.[18] CBS Enterprises was bought by Viacom, Inc. around the time of CBS's acquisition of King World, thus becoming owned by the post-split CBS Corporation as well as all of Viacom's former TV production and distribution operations.

In its latter days, King World was considered the syndication branch of the CBS network (a role Viacom actually first served upon its creation), having succeeded Eyemark in that role. King World, however, distributed newer CBS shows such as Everybody Loves Raymond while the older shows were syndicated by corporate affiliate CBS Paramount Television, the successor to the original distributor Viacom Enterprises. Additionally, from 2000 to 2006, King World distributed archive programs from Group W, such as The Mike Douglas Show.

On September 26, 2006, CBS announced that King World and CBS Paramount Television's syndication operations would be combined to form the CBS Television Distribution Group (CTD). Roger King was announced as CEO of the new entity and retained that position until suffering a stroke on December 7, 2007, and dying the next day. Paul Franklin currently serves as President of CTD.[19]

For one year, the King World on-screen identity was kept for the programs it distributed at its closure. However, most of the programs handled by King World were distributed under CTD. On September 27, 2007, CBS Television Distribution introduced a new closing logo to replace the old logos of King World, CBS Paramount Domestic Television, and its predecessors. CBS Television Distribution was renamed CBS Media Ventures in 2021.

Programming

King World was responsible for the highest rated shows in syndication for over two decades.[citation needed] They also had the television rights to a large library of theatrical films. When it was acquired by Westinghouse Electric Corporation in 2000, it distributed a number of CBS-produced series for syndication, such as Everybody Loves Raymond (ancillary rights to this series are owned by HBO), CSI: Crime Scene Investigation, CSI: NY, and CSI: Miami. King World turned part of its attention to producing in-house newsmagazines including American Journal and Inside Edition.

References

  1. ^ Petski, Denise (2015-05-28). "Michael King Dead: TV Exec Who Helped Launch 'Oprah' Show Was 66". Deadline. Retrieved 2019-01-04.
  2. ^ "Robert King Obituary (1940-2020)". Legacy.com. 2020-03-22. Retrieved 2020-12-11.
  3. ^ "DIANA KING Obituary". Legacy.com. 2019-01-09. Retrieved 2020-03-21.
  4. ^ "Richard King, Founding Partner of King World Productions, Dies at 79". The Hollywood Reporter. 2020-12-11. Retrieved 2020-12-11.
  5. ^ "In Brief". Broadcasting. 1984-10-15. p. 96.
  6. ^ "In Brief: King World Productions acquired Leo A. Gutman Inc. for $5 million in cash" (PDF). Broadcasting Magazine. August 6, 1984. p. 98.
  7. ^ "In Brief" (PDF). Broadcasting. 1985-02-11. p. 94. Retrieved 2013-06-29.
  8. ^ Dempsey, John (1987-06-17). "King World seals Disney barter deal". Variety. p. 69.
  9. ^ "KING WORLD REACHES PACT ON WIVB DEBT". The Buffalo News. Retrieved 2021-11-29.
  10. ^ "WIVB-TV IS SOLD FOR $95 MILLION". The Buffalo News. Retrieved 2021-11-29.
  11. ^ "KING GETS THE SQUARE". Broadcasting. 1991-11-25. p. 26.
  12. ^ "Sony, KW Game For Alliance". Variety. 1995-12-18. Retrieved 2021-08-29.
  13. ^ KING WORLD INTERNATIONAL ACQUIRES EXCLUSIVE INTERNATIONAL FORMAT RIGHTS TO GAME SHOW CATALOGUE FROM MERRILL HEATTER PRODUCTIONS, INC., prnewswire.co.uk
  14. ^ Kyle Pope (1 April 1999). "CBS Agrees to Acquire King World for $2.5 Billion". The Wall Street Journal. Retrieved 3 February 2022.
  15. ^ Viacom Inc. (23 November 1999). "Amendment No. 2 to Form S-4 Registration Statement under the Securities Act of 1933". Retrieved 3 February 2022. CBS acquired King World Productions, Inc., the distributor of a number of shows, including "The Oprah Winfrey Show", on November 15, 1999.
  16. ^ "The Free Library" CBS Television Merges King World Productions, Eyemark Entertainment and CBS Broadcast International to Create New Worldwide Distribution Organization. thefreelibrary.com, Retrieved on January 31, 2013
  17. ^ Pursell, Chris; Schneider, Michael (2000-01-20). "King World, Eyemark meld". Variety. Retrieved 2021-11-29.
  18. ^ Peers, Martin; Littleton, Cynthia (1999-03-29). "King's ransom: $3 bil in CBS stock". Variety. Retrieved 2021-11-29.
  19. ^ Littleton, Cynthia (2016-07-06). "Paul Franklin to Head CBS Television Distribution, Armando Nunez Returns Focus to International". Variety. Retrieved 2019-01-04.

External links

This page was last edited on 27 July 2022, at 19:52
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