Mediawan, the award-winning studio behind “Adolescence,” “F1” and “Miraculous,” has finalized its acquisition of Peter Chernin’s North Road.
Together, Mediawan and North Road will operate nearly 100 individual production companies representing over $2 billion in annual production volume across 15 countries, including the U.S., France, Germany, U.K., Italy, Spain, Australia, Mexico, and Turkey supported by a global distribution footprint, the companies stated in a joint release on Jan. 30. The acquisition was paid largely in stock and values North Road at roughly $900 million, according to The New York Times.
Chernin, a longtime media investor and former chairman of Fox who founded North Road in 2022, will join the board of Mediawan and will serve as non-executive chairman of North Road. Scott Manson will become CEO of the company.
North Road will serve as Mediawan’s North American hub. While Chernin is transitioning to the non-executive role, North Road’s leadership teams, creative partnerships and labels will stay in place, notably Chernin Entertainment, led by David Ready; Chernin Entertainment Television, led by Kaitlin Dahill and Tracey Cook; Kinetic Content, led by Chris Coelen; Worlds + Pictures, led by Connor Schell; North Road Television Studio, led by Amy Israel; Perro Azul in Mexico City and Karga Seven in Istanbul. Jenno Topping will remain president of Chernin Entertainment.
Engineered by Mediawan’s CEO, co-founder and producer Pierre-Antoine Capton, the acquisition of North Roard will give the Paris-headquartered company a solid base in Hollywood and across English-speaking markets where it’s already built strong ties within the creative community, from Plan B’s Jeremy Kleiner and Dede Gardner, to See-Saw’s Iain Canning and SpringHill’s LeBron James
Since its launch a decade ago, Mediawan has built a strong portfolio through equity investments in over 80 companies like Plan B and See-Saw, as well as partnerships with LuckyChap and SpringHill.
More to come.
variety.com
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