‘America’s Funniest Home Videos’ Creator Vin Di Bona Sells Majority Stake In His Production Companies To Investor Group Led By Clarion Capital

deadline.com:

America’s Funniest Home Videos creator Vin Di Bona has sold a majority stake in his eponymous production company and FishBowl Worldwide Media to an investor group led by Clarion Capital Partners.

Di Bona is remaining CEO of both companies, which will be key components of Clarion-backed entity V10 Entertainment. V10 is led by CEO John Stevens, who founded Zoo Productions and Hangar 56 Media, and President Hans Schiff, a former non-scripted agent at CAA.

Financial terms were not disclosed, but sources familiar with the transaction said it falls in the nine-figure range, a healthy sum given the currently adverse macroeconomic conditions.

The official announcement of the deal said it will furnish Di Bona’s companies with “access to substantial capital” with which they intend to expand on their family-friendly slates with new non-fiction traditional and digital titles.