Mediawan Group, the Paris-based European studio backed by KKR, has agreed to acquire The North Road Company, a U.S. independent studio founded by Peter Chernin.
The transaction creates one of the world’s largest independent content producers, with nearly 100 production companies generating over $2 billion in annual production volume across 15 countries. The North Road Company includes a portfolio of content studios such as Chernin Entertainment, Kinetic Content, Worlds + Pictures, North Road Television Studio and international operations including Perro Azul in Mexico City and Karga Seven in Istanbul.
Mediawan’s strategic investors include Qatar Investment Authority, Providence Equity Partners, The Raine Group and Bpifrance. Deal advisors included The Raine Group and Centerview Partners for Mediawan, with legal counsel from Latham & Watkins LLP and Mayer Brown and Moelis & Company and PJT Partners for North Road, with legal counsel from Gibson, Dunn & Crutcher LLP.