North Road Company said it has its hand in more than 85 active productions, which include a new season ofstarring Idris Elba, Cynthia Erivo and Andy Serkis, which is scheduled to premiere on Netflix this spring, and a new season of Apple TV+’sThe investment adds to the film and TV studio’s existing funding, which includes up to $500 million from Providence Equity Partners L.L.C. and $300 million in debt financing from Apollo Global Management.
“QIA’s investment enables North Road to capitalize even further on the growing demand for premium, independent content. Building on the support from Providence Equity, we have already been able to bring together some of the highest-quality suppliers of film and TV content, led by some of the best creative executives in the business. This investment fuels our continuing strategy to expand via organic and inorganic growth initiatives globally,” said Peter Chernin, chief executive of North Road.
“QIA is delighted to support the expansion of the North Road Company, a market-leading media firm,” said Mohammed Al-Sowaidi, QIA’s Chief Investment Officer of Americas. “This investment underpins our strategy to invest in innovative media and technology companies around the world and advances our long-term partnership with The Chernin Group.”
I think people forget that PeterChernin put this guy on the map