Mediawan to Buy Peter Chernin’s North Road Studio for $800M–$1B

On Friday, Jan. 30, 2026, Peter Chernin announced a deal to sell his Hollywood studio North Road to Mediawan, one of Europe’s largest content companies, in a transaction paid largely in stock that values North Road at a minimum of $800 million and up to $1 billion depending on milestones, two people familiar with the deal said.

North Road’s film credits include Kingdom of the Planet of the Apes and Back in Action, starring Jamie Foxx and Cameron Diaz, and its television slate includes the Apple TV drama See and the reality hit Love Is Blind. “There is a real need for greater scale right now,” Mr. Chernin said, citing industry consolidation and a recent bidding war between Netflix and Paramount for Warner Bros.

Discovery. Mr. Chernin, 74, will remain at North Road as nonexecutive chairman and will join the Mediawan board. He co-founded North Road in 2022 after a producing and investing career that began in 2009 when he left Rupert Murdoch’s media conglomerate following 20 years there. He said North Road was built in part with $150 million each from Providence Equity Partners and the Qatar Investment Authority and added, “We feel excellent about our return.” Mediawan, founded in Paris in 2015 by Pierre-Antoine Capton, Xavier Niel and Matthieu Pigasse, has expanded rapidly through acquisitions, including a 2022 stake in Plan B Entertainment.

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