America’s Funniest Home Videos creator Vin Di Bona is selling a majority stake in his production companies to an investor group led by Clarion Capital

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 will remain CEO of both companies, which will be integral parts of Clarion-backed V10 Entertainment. V10 is led by CEO John Stevens, founder of Zoo Productions and Hangar 56 Media, and president Hans Schiff, a former unscripted agent at CAA.

Financial terms were not disclosed, but sources familiar with the deal said it was in the nine-figure range, a healthy amount given the current unfavorable macroeconomic conditions. The official announcement of the deal says it will give Di Bona’s companies “access to significant capital,” which they plan to use to expand their family-friendly scale to include new traditional and digital nonfiction titles. AFVbefore the current viral video era, it is now in its 33rd season on ABC, making it one of the longest-running entertainment shows in television history.

Clarion has previously invested in media and entertainment companies such as Imax and Premiere Digital, a provider of cloud-based technology for digital asset delivery and content optimization.

“Vin is one of the most successful and respected television producers of all time,” said Stevens. “We are thrilled to have the opportunity to work with Vin Di Bona and his incredible team.” Schiff added, “There is no better way to go from a 25-year career in representation to production with one of the best producers in the franchise”. television.”

Di Bona said as he approaches his 55th year in television, “I can’t think of anything more stimulating than starting a bold new page in my career.” He added, “My lifelong work to break new ground in television and media continues as VDBP and V10 create comedic and life-reflective programming for a diverse range of content-savvy viewers.”

David Ragins, general manager at Clarion, called Di Bona “a true visionary who built a legendary television and digital production company that has been at the forefront for decades.” Given Clarion’s plan to increase its investment in video content, the deal represents “our first step in building a new industry-leading platform in an industry known for innovation and creativity,” he added.

Vin Di Bona Productions and FishBowl are repped by CAA.