Thursday, August 27, 2009

NBC Universal gets 1/4 of Project Runway back

You may remember that Bravo, owned by NBC Universal, lost a bidding and legal war with Lifetime over Project Runway, which has finally started airing.

Well, today A&E Networks acquired Lifetime Entertainment.

Ok, ready for some complicated legal maneuvering?

Lifetime Entertainment was owned 50/50 by Disney and Hearst Group.

A&E is a joint venture between... Disney, Hearst Group, and NBC Universal (with NBC having a smaller share then the other two, just 25%).

So after all that legal hoohar, NBC still gets a share of Project Runway. At least for now. The deal's terms "include a mechanism under which NBC Universal may either chose or be required to sell its interest to the other two partners some time within the next 15 years." (NYTimes article)

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In 1789, the governor of Australia granted land and some animals to James Ruse in an experiment to see how long it would take him to support himself. Within 15 months he had become self sufficient. The area is still known as Experiment Farm. This is my Experiment Farm to see how long it will take me to support myself by writing.