Kevin Mayer Tom Staggs Israel city Tel Aviv, Israel Entertainment Netflix Digital and road Kevin Mayer Tom Staggs Israel city Tel Aviv, Israel

Tom Staggs-Kevin Mayer’s Media Venture Buys Faraway Road, Producers of ‘Fauda’ and ‘Hit & Run’

Reading now: 592
variety.com

Todd Spangler NY Digital EditorThe roll-up media venture led by ex-Disney execs Tom Staggs and Kevin Mayer has set its next acquisition: Faraway Road Productions, the Israeli entertainment company behind Netflix series “Fauda” and “Hit & Run,” Variety has confirmed.The deal for Tel Aviv, Israel-based Faraway — founded by and headed by Avi Issacharoff and Lior Raz (pictured above) — is the third for the still-unnamed company formed by Stagg and Mayer with the backing of private-equity company Blackstone.

It’s a comparatively small tuck-in: The price tag for Faraway is under $50 million, according to a source familiar with the pact, compared with $3 billion for kids’ media company Moonbug Entertainment and $900 million for Reese.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA