UPDATED with official announcement: Kevin Mayer and Tom Staggs’ Blackstone-backed Candle Media has formally clinched its latest deal — for Faraway Road Productions, the company behind Fauda and Hit & Run.
The acquistion had been anticipated and marks the latest expansion of the company into content in a handful of deals in recent months that’s made it a major player in media M&A.
Last week, it agreed to buy a minority stake in Will Smith and Jada Pinkett Smith’s Westbrook Inc., which followed acquisitions of Reese Witherspoon’s Hello Sunshine (Big Little Lies, Little Fires Everywhere) and Moonbug Entertainment, producer of Netflix runaway kids’ favorite CoComelon.Founded by Lior Raz & Avi Issacharoff, Faraway Road Productions is set to premiere season four of Fauda later this year on Israel’s YES TV and streaming worldwide on Netflix.
Other current development projects include the film Siege of Bethlehem – to be directed by Antoine Fuqua – and a non-scripted spy thriller for Showtime with director Greg Barker.“Lior and Avi are world-class storytellers who produce exhilarating content that strikes a chord globally with audiences across cultures and languages.
Read more on deadline.com
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