Mark Burnett Exits MGM Leadership Role Following Amazon Sale

Mark Burnett has formally resigned from his prime management function at MGM, a transfer that comes 10 months after Amazon closed its $8.5 billion acquisition of the studio. 

Burnett’s departure from the MGM fold just isn’t a shock. The producer, identified for enduring unscripted hits together with CBS’ “Survivor,” NBC’s “The Voice” and ABC’s “Shark Tank,” has not served as a standard TV govt throughout his 9 years with MGM and was not anticipated to stay round after the sale. 

Furthermore, as a big fairness holder in MGM, Burnett profited handsomely from the Amazon deal. Within the 9 years since he first bought his One Three Media manufacturing banner to MGM, Burnett has reaped an estimated $1 billion. 

In a memo to MGM staffers, Burnett mentioned he supposed to pursue new ventures as a producer. He additionally emphasised that he labored onerous to make sure that MGM TV’s roughly 150 staffers had been provided positions after the Amazon sale. MGM now operates as an autonomous movie and TV manufacturing entity below the umbrella of Amazon Studios, headed by Jennifer Salke. MGM chief working officer Christopher Brearton will work with Salke and Mike Hopkins, senior VP of Amazon Prime Video and Amazon Studios. 

“After months of collaborative transition efforts, we now have thoughtfully re- organized our groups in order that all of them have the chance to prosper below the management of Mike Hopkins, Jennifer Salke and Christopher Brearton. In lately of media layoffs I’m proud to say that everybody within the TV division has been provided a method to proceed to contribute. Nobody was left behind,” he wrote. 

Listed below are the total memos from Burnett and Hopkins: 

Expensive Colleagues, 

We’ve labored collectively for a really very long time, in some circumstances for many years. We’ve innovated new reveals and maintained our legacy hits with one of many highest renewal charges in international tv.  I get quite a lot of reward for that.  However everyone knows it’s not about me. It’s about all of you.  

 It takes nice groups of gifted folks to supply greater than 3,200 whole hours of tv together with long-running hits like Survivor, The Voice and Shark Tank and progressive scripted sequence like The Bible, which collectively have garnered 143 EMMY nominations.  

In 2014 I bought a majority of my corporations to MGM and got here to this storied, 100 year-old studio as President  of Tv. Later I bought the remainder of my corporations for MGM inventory and have become Chairman of MGM World Tv as a result of I believed within the worth of MGM.   

I had a transparent strategic imaginative and prescient to construct and develop MGM’s tv division with my dynamic workforce, which included shopping for nice corporations like Evolution and Massive Fish, including worldwide scripted and unscripted groups, and beginning a documentaries unit.  We took calibrated dangers and employed nice folks – and the enterprise grew. 

That development was crucial to MGM’s future, as a result of MGM wanted to maximise its worth so as to entice a world streaming companion and be prepared for its subsequent 100 years.  I’m proud to have been a part of the workforce that achieved the historic sale to Amazon in 2022.  

Now, after months of collaborative transition efforts, we now have thoughtfully re-organized our groups in order that all of them have the chance to prosper below the management of Mike Hopkins, Jennifer Salke and Christopher Brearton. In lately of media layoffs I’m proud to say that everybody within the TV division has been provided a method to proceed to contribute. Nobody was left behind.   

As I step away from each day administration and again into independently creating and innovating,  I’ll proceed to supervise my legacy sequence and be out there to all of you and to Amazon for steering and assist.  

Thanks workforce – I actually couldn’t have performed any of this with out every of you. 
 
Mark Burnett 

Right here is Hopkins’ notice: 

Hello workforce – 

As you probably simply learn, Mark Burnett has determined to depart Amazon and MGM to resume his work as an impartial creator and producer. I needed to comply with up by thanking him for his numerous contributions to our success and, on a private degree, for his partnership and counsel all through the mixing. I know you’ll all agree that he is among the most progressive, inventive, and prolific tv producers in our trade, and we now have been terribly lucky to have him on our workforce. 

Mark’s stepping apart in fact raises each alternatives and questions on how we’ll be organized transferring ahead. You’ll be listening to extra about this shortly. 

I’m extremely happy with the excellent tv and movie content material that we produce, and look ahead to 2023 and past, when as a totally built-in workforce we proceed to construct on this legacy. Thanks for all of your dedication and dedication as we head into a dynamic and profitable future collectively. 

Mike 

(Pictured: Mark Burnett and Christopher Brearton)

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