Sister, a media conglomerate and production company co-founded by Elizabeth Murdoch, Jane Featherstone and Stacey Snyder, has owned Large stake in new TV and technology entertainment company Yes Yes Media was founded by BBC and format developer Richard Bacon.
In addition to creating new unscripted formats, Yes Yes Media is developing proprietary hardware and software that will enable viewers to interact with these formats across multiple devices. To lead the charge, Yes Yes Media has hired California tech entrepreneurs Geoff Abbott and Reed Seerman.
The stake size and other terms of the deal were not disclosed.
“We’re really in the TikTok era now, but traditional TV entertainment hasn’t taken advantage of that in a localized way,” said Bacon, who hosts many TV shows in the U.K. and radio shows. “I see all screens as TVs now. At Yes Yes, we’re developing content that naturally and authentically meets the needs of our audience on any device. We’re writing talent and game shows, partnering with a video game company, and creating We will be going live to the audience in a format that everyone is watching to change the story.”
Bacon added: “I’m proud to be working with the team at Sister, who have been on hand since the beginning understands and supports this vision and gives us access to incredible expertise and support from their global network.”
Elizabeth Murray, Co-Founder and Executive Chairman, Sister Elisabeth Murdoch said: “Sister aims to support the best creative talent, regardless of genre or medium, and Richard’s vision of combining technology with storytelling is a perfect fit. He is a bold, wealthy Creative entrepreneur, full of ideas and truly unique, I am delighted to bring his creativity, industry experience and business aspirations to the Sister fold.”
In addition to the deal with Sister Additionally, Yes Yes Media announced a partnership with Satisfaction, France’s largest improv TV producer. Satisfaction and Yes Yes Media have agreed to a TV format development partnership to create a new unscripted format for local and global buyers, and Satisfaction has also invested heavily in Yes Yes Media.
Other supporters of Yes Yes Media include Courteney Cox, and songwriters Johnny McDaid and Savan Kotecha. Kotecha is a Grammy Award nominee who has created hit records for artists including Ariana Grande and The Weeknd, such as “What Makes You Beautiful” and “Can’ t Feel My Face”. Snow Patrol’s McDaid songs include Shape of You, Photograph and Bad Habits, all co-written with Ed Sheeran. He also wrote with Pink, Alicia Keys and Lewis Capaldi. Bacon, McDaid and Kotecha worked together to develop new music formats.
Yes Yes Media represented by CAA and Hansen Jacobson Teller Hoberman.