In a global production mega-deal, Peter Chernins North Road Company has sealed a deal to sell itself to the French studio giant Mediawan.

The deal dramatically expands Mediawans presence in North America.

North Roads studios include 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 inMexico Cityand Karga Seven inIstanbul. Ive spent my career trying to focus on where the creative and entertainment businesses are going, said Chernin in a statement. In the streaming era, the platforms have all become global buyers. Its time for a global content company with leadership in geographies all over the world to maximize the potential of this new landscape. Im thrilled to partner with Pierre-Antoine, who shares this global vision, and Mediawan to build this company.

Over the past decade, Mediawan has grown from a French independent studio into one of Europes leading global content groups, added Pierre-Antoine Capton, co-founder and CEO of Mediawan Group. Our success is reflected in the strength of our IP and the ambition of our upcoming slate.With the addition of Peters 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. As our industry consolidates, our goal is to reinforce Mediawans position as the leading independent platform for premium content and as a trusted partner to streaming platforms and all content distributors worldwide. We will continue this work with humility and agility, delivering the best possible content for our viewers and our partners worldwide.

More to come.