Haim Saban has launched a new venture to develop family programs, according to REUTERS.
Saban's L.A.-based private equity firm Saban Capital Group Inc. will form a virtual studio, employing freelance producers, writers and artists. The new company will fund global programming that can be exploited across different delivery systems, including video games, mobile devices and broadcast TV.
"I am thrilled to return to my roots and focus on developing media properties for children and families," Saban said in a statement.
The first project, HOLLYWOOD STAR DOGS, follows live-action dogs acting out classic fairy tales. The 26x30 series will be launched at MIPCOM.
The Saban Ent. Group venture also has inked an agreement to work with Singapore-based animation studio Tiny Island Animation to develop computer-generated projects.
With a group of other investors, Saban also owns German broadcaster ProSiebenSat.1 and is in the process of buying Spanish-language U.S. broadcaster Univision Communications Inc.