|
Fremantle, RTL Group's global content production business, today announced that it has reached an agreement with Oaktree Capital Management to acquire Asacha Media Group. Asacha Media Group is a European production group based in Paris that owns majority stakes in eight production companies in France, Italy and the UK focusing on scripted and unscripted content. Under the agreement, Fremantle has the option to acquire the outstanding shareholdings in the eight production companies over the next years. The transaction is subject to customary closing conditions and expected to close in the second quarter of 2024.
The acquisition of Asacha Media Group follows Fremantle's recent acquisition of an 80 per cent majority stake in the production company Beach House Pictures,...
|