Ben Silverman's Barry Diller Deal: $100 Million In Development Money: New York Post

New York Post:

Only Ben Silverman could parlay a two-year hitless streak as NBC's chief programmer into a new gig that gives him total control and $100 million in development money.

That's the amount of cash that Barry Diller's IAC plans to use to seed Silverman's unnamed new venture, according to two sources with knowledge of the funding plans

Read the whole story: New York Post

Comments

[1sanevoice]

I see many stories about ben silverman here... Dont know who he is (didnt bother to read) and dont care

[CarbonCreditSeller]

Benny and Barry are such good boys - I sense a progrom starting.

[NevaforLeadership]

Barry, it appears from Silverman's record that your private equity and public investors will be at great risk of having to kiss their money goodbye.

"Silverman is known lately more for his brand relationships than creative prowess, and his new company aims to connect "advertisers, distributors and content creators early on in the development process, enabling advertisers to be a partner in campaigns and content creation."

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I'm all for interactive advertising, but what does that mean? An ethics line easily crossed?

[Imzadi]

What's that saying about a "foo/and his money are soon parted"?

[noudidnt]

Failing upward

[ReelBusy]

There's an old joke that applies here:

How to you get a million dollars out of a business you started with Ben Silverman?

Start with 100 million...­.

[gorgol]

Keeping the $$$ all in the "family" I see.

[jdt67]

Only in Hollywood can a person completely, utterly fail and still talk someone into giving them $100 million.

[WindySailor]

True, but on Wall Street they'll give you a couple billion.