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Former Zodiak and Endemol Shine Execs Form Asacha Media Group

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hollywoodreporter.com
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M&A business in Europe has largely been put on hold during the coronavirus shutdown, so it was a surprise Thursday to see Italian production companies Picomedia and Stand By Me and French TV group Mintee Studios merge under a new corporate umbrella, the Asacha Media Group.

Former Zodiak Media Group CEO Gaspard de Chavagnac and Marina Williams, an ex-COO of Endemol Shine, launched Asacha with equity backing from Oaktree Capital Management.

The company has taken majority stakes in Picomedia, Stand By Me and De Chavagnac's Mintree and is eyeing further European acquisitions.

In a statement, Asacha said it would focus on producing non-English-language scripted content for linear and on-demand platforms with a core territory focus on continental.

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