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 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 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.
“I’ve spent my career trying to focus on where the creative and entertainment businesses are going,” said Chernin. “In the streaming era, the platforms have all become global buyers. It’s time for a global content company with leadership in geographies all over the world to maximize the potential of this new landscape,” he continued.
Capton, who is bound to spend more time in Los Angeles while continuing to spearhead Mediawan from its Paris headquarters, said “Mediawan has grown from a French independent studio into one of Europe’s leading global content groups” and the company’s success is “reflected in the strength of our IP and the ambition of our upcoming slate.”
“With the addition of Peter’s exceptional creative teams, we believe we are creating the ideal global home for premium storytelling. Peter is one of the most respected builders in our industry, and it is a true privilege for us to partner with him and Jesse Jacobs, and the North Road team on this next chapter.”
Like Chernin, Capton – who is also a producer of primetime talk shows in France — highlighted the need for global alliances at a time of massive consolidation. “Our goal is to reinforce Mediawan’s position as the leading independent platform for premium content and as a trusted partner to streaming platforms and all content distributors worldwide,” he continued.
Leave a Reply