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June 6 (Reuters) - Veteran Hollywood producer Peter Chernin said on Tuesday his company North Road has bought Turkish film and television house Karga Seven Pictures in one of its first major international acquisitions. Los Angeles-Istanbul-based Karga Seven is best known for its popular English-language period piece, "Rise of Empires: Ottoman", and Turkish time travel drama, "Midnight at the Pera Palace", which were among Netflix's top shows. Karga Seven's founders Sarah Wetherbee, Emre Sahin and Kelly McPherson will remain in leadership roles, with Wetherbee and Sahin serving as global co-CEOs and reporting to North Road President Jan Frouman. McPherson will head English-language content, along with newly hired Ömer Müjdat Özgüner serving as the company's Turkey CEO. Reporting by Dawn Chmielewski in Los Angeles and Samrhitha Arunasalam in Bengaluru; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: Peter Chernin, Chernin, Karga Seven's, Sarah Wetherbee, Emre Sahin, Kelly McPherson, Wetherbee, Sahin, Jan Frouman, McPherson, Ömer Müjdat, Ford, Dawn Chmielewski, Samrhitha, Pooja Desai Organizations: Hollywood, Pictures, North Road, Providence, Red Arrow Studios, Chernin Entertainment, Thomson Locations: Turkish, Los Angeles, Istanbul, Turkey, United States, U.S, Bengaluru
The Hollywood writers' strike could drive an increase in demand for unscripted programming. Insider identified companies dominating the genre, producing reality content for top networks and streamers. Check out 22 companies making top titles including "90-Day Fiancé," "Real Housewives," and more. Even if the writers' strike is resolved more quickly than pundits generally are predicting, reality TV's future looks bright. Reality shows are also a way for streamers to grow their international audience as much of it translates globally.
The Hollywood writers' strike could drive an increase in demand for unscripted programming. Insider identified companies dominating the genre, producing reality content for top networks and streamers. Check out 22 companies behind top titles including "The Kardashians," "Queer Eye," and more. Even if the writers' strike is resolved more quickly than pundits generally are predicting, reality TV's future looks bright. Reality shows are also a way for streamers to grow their international audience as much of it translates globally.
2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Brad Pitt's production company, Plan B, and Diamond Sports Group both recently tapped big banks to explore their options. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Moelis and LionTree were just tapped to help figure out what's next for Sinclair's Regional Sports Networks, Diamond Sports Group, while Brad Pitt's production company, Plan B, also hired Moelis to shop the production company, according to Variety. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.
2022 kicked off with some huge transactions, from AT&T's WarnerMedia spin-off to private equity scooping up content players. Company valuations are set to fall back to earth in 2023, and private equity and strategics are lying in wait. Not surprisingly, WarnerMedia was at the heart of the richest transaction fee waterfall for big banks in 2022. Joshua Grode's Legendary Entertainment, backed by Dalian Wanda and now Apollo Group, which took a stake in the studio in January. There's lots of dry powder still in private equity, Navid Mahmoodzadegan, co-founder and co-president at investment bank Moelis, told Insider.
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