July 27, 2009
Ben Silverman will be leaving his job as co-chairman of NBC Entertainment and Universal Movie Studios to head a new venture with IAC/InterActiveCorp.
IAC, headed by Barry Diller, said Monday it is forming a new production company led by Silverman that will look to bring advertisers into further into the development process on new media products.
IAC says it will provide an undisclosed amount of initial capital but hopes to spin the venture off into a separate entity.
Silverman started as co-chairman at NBC in June 2007. IAC says he will continue to have a relationship with the network through its new company.