Launched in 2016 by former Endemol Shine Australia executives Chris Culvenor and Paul Franklin with backing from Fremantle, the company primarily develops and produces non-scripted and reality programming in Australia and the United States.

Since 2022, Eureka has been responsible for Fremantle's non-scripted output in Australia.

The company was formed by Chris Culvenor and Paul Franklin, both executives with Endemol Shine Australia, setting up Los Angeles and Sydney offices in 2016.

[2] The company also formed a partnership with Fremantle to co-produce international projects, with the studio taking an investment in Eureka.

In 2022, Fremantle restructured its Australian operations to make Eureka responsible for all of its non-scripted output, assuming production duties for existing series such as Australian Idol from Fremantle Australia (which will primarily focus on scripted dramas and factual programming under new CEO Greg Woods).