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
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