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 co-founded North Road with Jenno Topping and Jesse Jacobs 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 a non-executive role,…
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