Critical Content Puts Staff On Furlough; Owner SK Global Denies Sale Talk

EXCLUSIVE: Critical Content, the manufacturing corporate at the back of Netflix’s Ginny & Georgia and Sylvester Stallone documentary Sly, is at a crossroads.

Deadline understands that the corporate has put a lot of its tv group of workers on furlough. Some workers had been in large part out of labor because the finish of March however the corporate has been providing a couple of paid hours to “keep up appearances”, one supply stated.

Critical Content, which may be at the back of NBC’s Celebrity Game Face, Discovery’s Survive The Raft and MTV’s Catfish, isn’t the primary unscripted-focused corporate to “rightsize” its trade in a difficult surroundings and insiders on the corporate stated the hope used to be that it could be capable of carry again those workers.

There has been communicate inside the unscripted TV trade that Critical’s mum or dad corporate SK Global, the movie financier at the back of Crazy Rich Asians, has been taking into consideration promoting the trade.

But the corporate denied that there used to be any “sales process” going down. “Critical Content is a proven leader in premium unscripted storytelling. It’s a cornerstone of our diverse investment portfolio, and we intend to keep it that way. We are not in a sales process. We are fully committed to fueling its next chapter—expanding its creative edge, scaling its reach, and solidifying its position as the go-to studio for bold, culture-shaping content,” a SK Global spokesman instructed Deadline.

This information comes after Jenny Daly, who used to be President of Critical Content, joined A. Smith & Co. Productions as its President. Daly is ready to reinforce the Tinopolis-owned corporate’s expansion into the codecs global and world trade.

Daly has spent a lot of the previous one year rising Critical’s world trade, putting a slew of world offers with the likes of Australia’s Warner Bros. International Television Production Australia, Korea’s Something Special, Singapore’s Refinery Media, Dubai’s Blue Engine Studios, Belgium’s Be-Entertainment and France’s ITV Studios France.

Critical Content may be at the back of sequence corresponding to, Oxygen’s Deadly Waters with Captain Lee and A&E’s New House, No Debt in addition to Netflix’s Get Organized with The Home Edit, which used to be produced with Reese Witherspoon and Emily Sims. 

SK Global may be at the back of Sydney Sweeney and Glen Powell rom-com Anyone But You, Jeff Bridges’ Hell or High Water and Brad Pitt’s Moneyball. In January, it promoted former CFO Matt Aragachi to President with Beth Bednarski coming in as leader monetary officer. It additionally promoted Chloe Dan to EVP, Television, and as Deadline published, employed former Participant exec Elizabeth Haggard as SVP, Feature Film reporting to Head of Features Mark O’Connor.

It purchased Critical Content in January 2022 from Anchorage Capital Group. In September 2022, SK Global, which used to be shaped through a merger between Sidney Kimmel Entertainment and Ivanhoe Pictures, bought a majority stake to personal fairness company Centricus.

In November, SK Global continued layoffs with round 20 workers in more than a few divisions impacted.