Kevin Mayer and Tom Staggs’ Blackstone-backed media venture has set its next acquisition, of Faraway Road Productions, the company behind Fauda and Hit & Run, Deadline has confirmed.The deal will likely be announced early in the new year, according to people familiar with the transaction.
It will be the duo’s third following Reese Witherspoon’s Hello Sunshine (Big Little Lies, Little Fires Everywhere) and Moonbug Entertainment, producer of Netflix runaway kids’ favorite CoComelon.
Those deals were worth, respectively, about $900 million and $3 billion. Faraway, founded by Lior Raz and Avi Issacharoff, will be smaller, under the $50 million mark.Mayer and Staggs, who were longtime colleagues at Walt Disney, have been assembling assets for
Read more on deadline.com
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