60-539: Waheed Alli, Baron Alli (born 16 November 1964) is a British media entrepreneur and politician. He has held executive positions at several television production companies including the Endemol Shine Group , Carlton Television Productions (now ITV Studios ), Planet 24 , and Chorion . Alli served as the Chief Executive of Silvergate Media until 2022, Chairman of Koovs Plc and a director at Olga Productions . He
120-545: A US stock exchange even prior to passage of the Sarbanes–Oxley Act). By December 2005, over 270 foreign companies had been admitted to AIM. The FTSE Group maintains three indices for measuring AIM, which are the FTSE AIM UK 50 Index , FTSE AIM 100 Index , and FTSE AIM All-Share Index . AIM is an exchange regulated venue featuring an array of principles-based rules for publicly held companies. AIM's regulatory model
180-760: A definitive agreement to acquire 100% of the equity of Endemol Shine Group. The merger was approved on 26 October 2019, pending antitrust approval. In November 2019, Endemol Shine Group announced that they're shutting down their Chinese label Endemol Shine China along with their China-based production and developing operations in Bejing with the group decided to license their properties in that country to China-based producers. A few days later in November of that same year, Endemol Shine Group under their German division announced that they're selling its joint-venture drama producer Wiedemann & Berg Television to Leonine Holding which
240-515: A joint venture between the Tokyo Stock Exchange and LSE . Tokyo AIM will replicate AIM's system of oversight by NOMADs, with 'J-Nomads' being "selected and approved by TOKYO AIM ... to assess companies' suitability for the market". In July 2012, TOKYO AIM changed its name to TOKYO PRO Market , and since then Tokyo Stock Exchange, Inc. has continued to operate TOKYO AIM based on the original market concept. As of 1 October 2018, just under
300-434: A joint venture global production and distribution company under one roof with funds managed by affiliates of Apollo, Dutch-based entertainment production and distribution powerhouse Endemol , British-based entertainment production and distribution company Shine Group and American production group CORE Media Group . Under the agreement, 21st Century Fox and the funds managed by affiliates of Apollo would jointly own and manage
360-484: A junior researcher for a finance magazine, crediting his first success to Salem Ghayar, who hired and mentored him. After a few years of preparing monthly reports for potential investors, he was headhunted by Save & Prosper, part of Robert Fleming & Co. Eventually he returned to his original employer, and worked his way up in the media business within Robert Maxwell 's stable of publications. He then went to
420-657: A nurse, is an Indo-Trinidadian from Trinidad and Tobago , and his estranged father, a mechanic, is an Indo-Guyanese from Guyana . His mother was Hindu and his father Muslim ; he has two brothers, one Hindu and the other Muslim. Alli attended Stanley Technical College in South Norwood and left school at 16 with nine O-levels . Alli is one of a group of prominent Guyanese people in Britain, which includes Raj Persaud , Herman Ouseley , David Dabydeen , Cynthia Pine , Keith Waithe and Rudolph Dunbar . Alli started work as
480-473: A practical matter, vary widely. However, the regulatory requirements are more onerous than for private companies and AIM listed plcs are required to prepare audited annual accounts under IFRS . Another important element of AIM's model is the composition of its investor base. Although AIM-listed companies are not start-ups , most are small and potentially more risky than a FTSE listing. This may prove to be hazardous for unsophisticated investors who lack both
540-506: A teenager isn't easy and it's particularly difficult for vulnerable and socially excluded members of our community. The Albert Kennedy Trust offers young gay men, lesbians and bisexuals a unique and targeted service. My first task as Patron will be to support plans to extend these services across the UK, to help the increasing number of young people contacting the Trust." Alli is a patron of Oxford Pride,
600-619: A year later. In April 2003, Alli took over as chairman of the media rights company Chorion Ltd , which owns rights to Enid Blyton and Agatha Christie , and has offices beyond the UK in New York, Sydney, and Tokyo. He was chairman of AIM -listed ASOS.com and a director of Olga Television, entertainer Paul O'Grady 's production company . He also backed Shine Limited , Elisabeth Murdoch's media production company, which she later sold to 21st Century Fox (owned by her father Rupert Murdoch ) for £211 million. In August 2011, he stepped down from
660-636: Is a member of the House of Lords in the United Kingdom, sitting as a life peer for the Labour Party , and is described as one of only a few openly gay Muslim politicians in the world. In August 2024, it was reported that Alli had been given unrestricted access to 10 Downing Street , uncommon for anyone not formally employed in the Prime Minister's office, and that he had held a reception for party donors in
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#1732868875281720-457: Is based on a comply-or-explain option that lets companies that are floated on AIM either comply with AIM's relatively few rules, or explain why it has decided not to comply with them. Aside from granting leeway in regard to regulatory compliance, the Exchange also mandates continuous oversight and advice by the issuer's underwriter , referred to as a Nominated Adviser (Nomad). The role of Nomads
780-510: Is central to AIM's regulatory model, as these entities play the role of gatekeepers, advisers and regulators of AIM companies. In advising each firm as to which rules should be complied with and the manner in which existing requirements should be met, Nomads provide the essential service of allowing firms to abide by tailor-made regulation, reducing regulatory costs in the process. Theoretically, Nomads are liable for damages from tolerating misdemeanors on behalf of their supervised companies, including
840-454: Is granted, firms must comply with ongoing obligations which are comparatively lower to the ones that govern the operation of larger exchanges; and certain corporate governance provisions are not mandatory for AIM companies. Therefore, AIM-listed companies are often subject to manipulation by institutional investors. AIM-listed companies usually are only required to adhere to the corporate governance requirements of their home jurisdiction, which, as
900-549: The Alternative Investment Market ) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows companies that are smaller, less-developed, or want/need a more flexible approach to governance to float shares with a more flexible regulatory system than is applicable on
960-616: The Financial Services Authority in 2007. AIM is an unregulated market segment, therefore it escapes most of the mandatory provisions contained in European Union directives – as implemented in the UK – and other rules applicable to companies listed in the LSE. AIM believes self-regulation is pivotal to AIM's low regulatory burden: companies seeking an AIM listing are not subject to significant admission requirements; after admission
1020-765: The London Borough of Croydon , on 18 July 1998 at the age of 34, becoming the youngest and the first openly gay peer in Parliament . He sits on the Labour benches in the House of Lords . The BBC summarised his appointment as "the antithesis of the stereotypical ' establishment ' peer – young, Asian and from the world of media and entertainment". He maintains ties with his Caribbean roots, both with other British-Guyanese politicians such as Valerie Amos and Trevor Phillips , and with President Bharrat Jagdeo . Alli has used his political position to argue for gay rights . He spearheaded
1080-657: The AIM rules. In March 2007 The Daily Telegraph noticed a tendency to use listing vehicles incorporated in offshore financial centres prior to floating on AIM. Some 35% of the companies floated on AIM during 2006 were from OFCs, of which the majority came from the Channel Islands or the British Virgin Islands . On 29 January 2009 it was announced that AIM is to form the basis of an Asian-orientated growth or incubator market called 'Tokyo AIM', which will be run as
1140-567: The City for a second career in investment banking , through which he became wealthy. In the mid-1980s he met Charlie Parsons , who was to become his business partner as well as his life partner. Alli's third career, and the first in which he achieved public prominence, was in the television industry. He and Parsons set up 24 Hour Productions, which produced The Word , "the most talked about television programme in Britain". In 1992 they merged with Bob Geldof 's Planet Pictures to form Planet 24 . Such
1200-525: The Downing Street garden. He was also reported to have gifted Keir Starmer nearly £16,200 of free clothing, which initially was not properly declared, while Starmer’s wife, Victoria , was given £5,000 of free clothing, which at first was not declared. Starmer admitted Alli gave him £32,000 to pay for clothing, double what he had previously declared. As of October 2024, Lord Alli is under investigation for alleged non-registration of interests. Alli’s mother,
1260-473: The Giants: Top 100 Travelling TV Formats 2018-19 also recognized Endemol Shine Group as the production and distribution company with the most travelled formats in 2018. Formed in 2015 through a merger of Dutch television studio Endemol and Elisabeth Murdoch 's UK-based studio Shine Group , Endemol Shine Group companies included Dragonfly, Kudos, and Princess Productions. It also included Shine TV which
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#17328688752811320-484: The London Stock Exchange, which controls AIM, pointing out that the number of companies that go into liquidation or administration in a year is actually fewer than 2%. AIM has since issued new rules requiring that listed companies maintain a website. The calibre of participants in the market has also been criticised by fund manager John Hempton of Bronte Capital Management. In 2003 Langbar international
1380-674: The Nation's great men and women". Endemol Shine Group Endemol Shine Group B.V. (stylized as EndemolShineGroup) was a Dutch production and distribution company of scripted and non-scripted content, responsible for programmes such as Big Brother , Deal or No Deal , The Money Drop , Fear Factor , MasterChef , Your Face Sounds Familiar , Peaky Blinders , Black Mirror , Humans , Grantchester and Tin Star . In 2018, Endemol Shine Group had 700 productions on air across 270 platforms and channels. K7 Media report's Tracking
1440-413: The Prime Minister's office, and that he had held a reception for party donors in the Downing Street garden. Pat McFadden later told Sky News that he did not think that Alli still held a Downing Street pass. He was also reported to have gifted Starmer nearly £16,200 of free clothing, which initially was not properly declared, while Starmer’s wife, Victoria, was given £5,000 of free clothing, which at first
1500-583: The UK and Hell on Wheels in the US. In November 2013 the company launched Endemol Beyond, an international division specialising in original content for digital video platforms such as YouTube. In April 2018, Fox and Apollo appointed Deutsche Bank and Aryeh Bourkoff 's LionTree to handle a potential sale of Endemol Shine, following Fox's sale to The Walt Disney Company . William Morris Endeavor and Banijay had eyed an acquisition of Endemol Shine, with Banijay reported to have even entered advanced talks to buy
1560-487: The acquisition by Banijay. On 15 May 2014, private equity firm Apollo Global Management and multinational mass media entertainment company 21st Century Fox had announced that they've confirmed its intention to merge Apollo's Dutch-based entertainment production and distribution powerhouse Endemol and American unscripted production company Core Media Group with 21st Century Fox's own British-based global entertainment production and distribution company Shine Group to form
1620-717: The annual Pride event in Oxfordshire, of Pride London and of the Elton John AIDS Foundation . Alli is a former Chancellor of De Montfort University in Leicester . In 2005 he was named one of the 20 most important Asians in British media and in 2008 he won a Stonewall Award for the category of political figure. A portrait of Alli is in the National Portrait Gallery collection, which contains "portraits of
1680-474: The auction. Sony Pictures Entertainment , DHX Media (now WildBrain ) and Lionsgate also ruled out of the bidding. ProSiebenSat.1 Media (which owns Red Arrow Studios ) was reported to be considered for a joint bid with Banijay, but the latter ruled itself out as well. Endemol Shine later made a statement that they had been in negotiations with several parties and were confident they would have an owner by end of November 2018. However, on 6 November 2018 it
1740-939: The businnes in Europe alongside LA-based Matt Creasey which will head up the operations in the Americas, Asia, Australia and New Zealand. Two days later in March of that same year after Endemol Shine launched their international distribution division, Endemol Shine Group announced that they've restructed their Scandinavian operations by launching a new Nordic division named Endemol Shine Nordics with Endemol's own Nordic division Endemol Nordics being shut down with CEO Michael Porseryd stepping down alongside Endemol's Scandinavian operations which were Endemol Norway, Endemol Finland and Endemol Denmark being discontinued as labels and had them merged and being folded into existing Shine Nordic's production companies along with Endemol Sweden's own operations with Gary Carter
1800-513: The campaign to repeal Section 28 . He advocated lowering the age of consent for homosexuals from 18 to 16, equal to heterosexuals; this eventually became law as the Sexual Offences (Amendment) Act 2000 . It was during a heated exchange with conservative opponents, led by Baroness Young , that he informed his fellow peers that he was gay. In April 1999, he said in a speech, "I have never been confused about my sexuality. I have been confused about
1860-699: The ceremonies on their premises. This campaign culminated in a bipartisan amendment, which became part of the Equality Act 2010 . He influenced the draft Communications Bill in 2003. Under the leadership of Keir Starmer , Alli has led the Labour Party's fundraising efforts. In 2024, The Guardian reported that Alli had donated £500,000 to the party since 2020, as well as giving Starmer personal donations worth over £50,000. In August 2024, The Times reported that Alli had been given unrestricted access to 10 Downing Street , uncommon for anyone not formally employed in
Waheed Alli, Baron Alli - Misplaced Pages Continue
1920-532: The chairmanship of Chorion, selling half his stake in ASOS.com the next month for £14.25 million. The sale helped to finance Alli's new company, Silvergate Media, and its purchase of the rights to Beatrix Potter and Octonauts from Chorion. He was part of a failed £100m bid backed by private equity firm 3i to buy Virgin Radio from SMG plc in 2005. In March 2007, he was appointed as SMG's non-executive director. Alli
1980-468: The co-CEO of Endemol Shine International and former chairman of Shine Nordics will oversee Endemol Shine Nordics operations along with former Shine Nordics colleges Bertil Rosenlund and Victoria Kjellberg. In succeeding years, Endemol's eye and Shine Group's egg logos were replaced with Endemol Shine Group wordmark-only logo in closing credits of most of its-licensed shows, effectively making Endemol and Shine an in-name-only units of that company. Endemol
2040-508: The distribution operations of Endemol Worldwide Distribution & Shine International and had been given a name which was called Endemol Shine International following the merger of Endemol Worldwide Distribution and Shine International in December 2014 which will focus on their distribution hubs across eight counties with former Endemol CEO Cathy Payne heading the combined distribution division along with former Endemol executive Mark Lawrence heading
2100-463: The global production group consists of Endemol, Shine Group and CORE Media Group. Under the terms of the agreement, 21st Century Fox and Apollo will jointly manage the newly created group, with each owning 50 per cent. Sophie Turner Laing, former managing director of Content at BSkyB, would serve as the group's CEO. On 27 October 2014, two weeks after making the final agreement of the new joint venture Shine Group announced that Tim Hincks would become
2160-426: The initial Dutch version. Other examples include Deal or No Deal (sold to over 75 countries), The Money Drop (sold in over 50 countries), Fear Factor (sold in 30 countries) and Wipeout (sold in over 35 countries). In recent years the company has also been expanding its English language drama output with shows such as titles such as The Fall , Peaky Blinders , Ripper Street and Black Mirror in
2220-405: The knowledge and resources to conduct proper inquiries into a firm's prospects and activities, or even larger investors which lack strong internal control and risk management requirements. As a consequence, AIM's investor base is largely composed of institutional investors and wealthy individuals. The following table lists the 10 biggest AIM companies on 31 May 2021. The following table lists
2280-642: The latter already brought Wiedermann & Berg Film back in April that year will reunite W&B Television with W&B Film. They also announced that they're setting up a new scripted label based in Berlin and will be run by W&B Television's managing director Nanni Erben. In February 2020, Banijay raised $ 2,600,000,000 in refinancing for acquiring Endemol Shine. On 30 June 2020, the European Commission approved Banijay's purchase of Endemol Shine. The purchase
2340-410: The loss of reputational capital. However, this heavy reliance on Nomads has been criticised as creating a conflict of interest, since Nomads receive fees from the companies they purportedly supervise while, in practice, managing to avoid liability for market misconduct. In 2006, the London Stock Exchange launched a review of Nomad activities, resulting in a regulatory "handbook" for Nomads published by
2400-504: The main market. At launch, AIM comprised only 10 companies valued collectively at £82.2 million. As at May 2021, 821 companies comprised the sub-market, with an average market cap of £80 million per listing. AIM has also started to become an international exchange, often due to its low regulatory burden, especially in relation to the US Sarbanes–Oxley Act (though only a quarter of AIM-listed companies would qualify to be listed on
2460-467: The market. Alli joined the Labour Party at the persuasion of his neighbour Emily Thornberry , to whom he remains close. He is also close to Anji Hunter , Director of Government Relations in Tony Blair 's first government. Prime Minister Blair used him for years as a means to help him reach out to a younger generation (aka " youth subculture "). He was made a life peer as Baron Alli , of Norbury in
Waheed Alli, Baron Alli - Misplaced Pages Continue
2520-410: The new joint venture. Five months later on 10 October 2014, 21st Century Fox and Apollo Global Management had announced that they've finalised their agreement to merge Apollo's Dutch-based entertainment production and distribution company Endemol and American production group CORE Media Group with 21st Century Fox's British-based entertainment production and distribution company Shine Group to create
2580-585: The newly merged distribution label of the Endemol Shine Group. Both Apollo and 21st Century Fox owning 50% of the joint venture that took place on 1 January 2015. On 15 January 2015, Endemol Shine Group announced appointing former Endemol UK CEO Lucas Church to be Chairman of Endemol Shine UK, former Endemol UK Chief Operating Officer Richard Johnston becoming CEO of Endemol Shine UK. In March 2015, Endemol Shine Group announced that they've launched their global international distribution division combining
2640-422: The parliamentary standards commissioner over the use of Alli's $ 2.5-million New York apartment. On 27 September, Starmer admitted Alli gave him £32,000 to pay for clothing, double what he had previously declared. As of October 2024, Lord Alli is under investigation by the House of Lords Commissioner for Standards for "alleged non-registration of interests leading to potential breaches of paragraphs 14(a) and 17 of
2700-435: The president of the new joint venture. On 29 October 2014, Endemol announced that Cris Abrego and Charlie Corwin will serve as the new joint venture's North America division co-chairmen and Co-CEOs. On 17 December 2014, 21st Century Fox and funds managed by affiliates of Apollo Global Management, LLC had announced their completion of the transaction to create the group consists of Endemol, Shine Group and CORE Media, under
2760-458: The previously announced terms. On that same day it was announced by Shine Group that the joint venture would be named 'Endemol Shine Group' and it was announced that Endemol's worldwide distribution division Endemol Worldwide Distribution was being merged with Shine's Group international division Shine International right under Cathy Payne the CEO of Endemol's worldwide international division becoming CEO of
2820-522: The studio. On 29 August 2018, the RTL Group (which owns Fremantle ) withdrew its bid for Endemol Shine. In September 2018, BBC Studios , along with Discovery, Inc. and Liberty Global (which each own 50% of All3Media ) announced that they would not bid on the studio. ITV plc provisionally placed a bid on the studio but did not confirm an official bid as the sale is still only a potential scenario at this point. In October 2018, ITV plc withdrew from
2880-693: The thirteenth edition of the Code of Conduct for Members of the House of Lords". Alli's work has focused on gay rights, youth and education. He is the President of the Croydon Youth Development Trust. He is a patron of Skillset, the Sector Skills Council supporting skills and training within the creative media industries. In 2002 he became a patron of The Albert Kennedy Trust , stating: "Being
2940-459: The top 100 AIM companies by market capitalisation on 25 April 2020. In March 2007, U.S. securities regulator Roel Campos suggested that AIM's rules for share trading have created a market like a casino . Campos reportedly said: "I'm concerned that 30% of issuers that list on AIM are gone in a year. That feels like a casino to me and I believe that investors will treat it as such." The comment resulted in several angry retorts, including one from
3000-664: The way I am treated as a result of it. The only confusion lies in the prejudice shown, some of it tonight [i.e. in the House], and much of it enshrined in the law." In 2006, he participated in the International Conference on LGBT Human Rights adopting the Declaration of Montreal and in 2009, he spearheaded an effort to repeal clauses in the Civil Partnership Act 2004 which prohibited religious institutions from conducting
3060-491: Was a founder investor in Koovs, an Indian online retailer looking to replicate the success of ASOS in the subcontinent. The company was set up in 2012, intending to raise £22m with a stock market listing on London's AIM . In December 2019, the company went into administration after funding could not be found. The administration of Koovs was extended due to shareholders' concerns. FRP Advisory state this in their most recent update to
SECTION 50
#17328688752813120-426: Was admitted to the AIM. In 2011 Langbar's now former CEO, Stuart Pearson was found guilty of "three counts of making misleading statements by falsely claiming in stock market announcements that the company had assets held by Banco do Brasil and that some assets were being transferred to the company", jailed for 12 months and banned for being a company director for five years. This £365 million ($ 750m) share fraud
3180-513: Was completed three days later, and Endemol Shine was folded into Banijay. For a year, Banijay continued to use the Endemol Shine brand for many of its production divisions. In November 2021, it was announced that Endemol Shine will be moving into podcasting for the first time with a partnership with KT Studios with the aim of developing and co-producing original podcasts. Are the following Alternative Investment Market AIM (formerly
3240-485: Was founded in 1994 by a merger of television production companies owned by Joop van den Ende and John de Mol , the name deriving from the combination of their surnames. Endemol specialised in formatted programming that can be adapted for different countries around the world as well as different media platforms. One notable success has been the Big Brother reality television show, with versions in many countries after
3300-505: Was founded in 2001 by Elisabeth Murdoch; and Metronome Film & Television , a Scandinavian-based production group. EndemolShine International was the group's international distribution arm responsible for the distribution of the various formats of the group. The group also established international companies Endemol Shine North America , Endemol Shine Australia , Endemol Shine India, Endemol Shine Germany, Endemol Shine France, and Endemol Shine Iberia. From 20 March 2019 to 3 July 2020, it
3360-662: Was investigated by the Serious Fraud Office and the City of London Police when it was discovered in November 2005 that Langbar had none of the assets it declared at listing. This was due in part because the Nomad (Nominated Adviser) failed to carry out due diligence . Also, the Exchange did not ensure that the AIM rules had been complied with. AIM changed the rules for Nomads in 2006. On 19 October 2007 they fined Nabarro Wells £250,000 ($ 512,500) and publicly censured them for breaches of
3420-443: Was its success that it became one of the largest TV production companies in the country, and the main independent supplier to Channel 4 . It was responsible for genre-breaking programmes such as Big Breakfast and Survivor . Carlton Television bought Planet 24 in March 1999 for £15 million, with Alli and Parsons retaining the rights to the lucrative Survivor format. Waheed Alli became a Carlton board director before stepping down
3480-414: Was jointly owned by The Walt Disney Company and Apollo Global Management , with each holding a 50% share. On 22 October 2019, French company Banijay announced its intent to acquire Endemol Shine from Disney and Apollo. On 30 June 2020, the European Commission approved Banijay's purchase of Endemol Shine. The purchase was completed on 3 July 2020. Several divisions kept the Endemol Shine name following
3540-525: Was not declared. The Daily Telegraph referred to Alli's loan of a "swanky" apartment to the Starmers, with a value of £20,000, as "donor- gate ." Labour MPs repeatedly used the apartment. On Dec. 13, 2021, Starmer recorded there a Christmas message urging the public to work from home, while giving the impression he was in his own home, with a family photo behind him. The Telegraph also reported that Deputy Prime Minister Angela Rayner faced an investigation by
3600-531: Was reported that both Fox and Apollo have decided to suspend the selling process as a deal could not be reached by prospective buyers. In the meantime, Fox's 50% stake in the company was given to Disney. The report was published hours before European Commission 's clearance of Disney's impending purchase of Fox on certain conditions. On 22 October 2019, Banijay officially announced its intent to acquire Endemol Shine from Disney and Apollo for over $ 2.2 billion. On 26 October 2019, Banijay announced it has entered into
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