Conde Nast Announces New Entertainment Division

Publication: Mashable

Title: Conde Nast Makes a Foray Into Film and TV, Led by CW Founder

Article by: Lauren Indvik

http://mashable.com/2011/10/10/conde-nast-entertainment/

 

On Monday, magazine publisher Conde Nast announced that it would diving in to the film and televsion business.  Dawn Ostroff will be president of the entertainment division at Conde Nast.  Ostroff is well known for her work with the CW where she developed Gossip Girl, The Vampire Diaries, and America’s Next Top Model.

The entertainment division is still unclear about what they will set out to accomplish, however it is speculated that original programming across several media platforms is likely.
As Mashable notes:

“Entertainment is a logical next step for Conde Nast as the company looks to diversify its holdings beyond the print business. (Its licensed restaurant business is a prime example.) Besides Talley’s foray into reality TV, the company cooperated with the production of a documentary about Vogue titled The September Issue, which brought in more than $6 million in global box office sales in 2009.”

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