Peter Chernin Launching 1B+ Content Studio Rollup The North Road Company

Click here to read the full article.The Chernin Group co-founder Peter Chernin is rolling up three content studios into one new mega-project, backed by 800 million in financing from two private equity firms.Chernin is launching The North Road Company, a global multi-genre film and TV studio that will include ownership of Chernin Entertainment (Ford v Ferrari, New Girl); and Words + Pictures (The ESPYs), the venture launched by former ESPN executive Connor Schell, and which was backed by Chernin.But North Road is also in the market for acquisitions, with the first being the U.S. assets of Red Arrow Studios (Love Is Blind, The Circus).The purchase price for Red Arrow Studios’ U.S. assets was 180 million, according to a source familiar with the deal. Red Arrow had been owned by Germany’s ProSiebenSat.1 Group, which had been looking at potential deal opportunities since before the pandemic.“I ...