The $100 million fund will invest in and develop unscripted series concepts, ranging from competitions to dating shows, to air in their countries of origin. Fox Alternative Entertainment will co-produce any series that result from investments by the fund — and should those formats succeed, Fox could adapt them for airing on the broadcast network in the United States.
“Many of the most powerful series that have changed the face of television were unscripted formats that originated outside the United States,” said Wade. “With a deep well of undiscovered ideas across the globe waiting to be recognized, FAE stands ready to deploy this format fund to partner with local creators and networks to develop cost-effective and innovative, broad-based programming that, in success, will also benefit Fox here at home.
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