![]() Nent Group, based in Stockholm, owns a collection of studios in the Nordics that could be targets for international buyers.Its TV arm has also produced projects, including "Narcos" and "Lupin" for Netflix. Gaumont is a major studio with a 126-year legacy in France.Canada's eOne owns popular family friendly brands like "Peppa Pig," and has produced shows including Freeform's "Cruel Summer.".It has a multi-year deal to create content for Netflix. Dharmatic Productions is a digital studio started by Indian filmmaker Karan Johar.Applause Entertainment is an India-based company that creates content and IP, and sells the rights to companies like Disney's Hotstar.All3Media, owned by Discovery Communications and Liberty Global, owns dozens of production companies throughout the UK, US, Germany, the Netherlands, and New Zealand.Here's a short list of the kinds of international companies that sources said could be compelling targets for global buyers, listed in alphabetical order: Still, there are international companies backed by filmmakers, directors, and producers who are known for the kind of high-quality content that global entertainment companies are looking for, and studio groups whose various production houses could become targets. The sources said it's less common for entertainers outside of the US to start their own independent entertainment companies, with exceptions like Red Chillies Entertainment, which was founded by Indian actor Shah Rukh Khan. There aren't many precise parallels to Hello Sunshine outside the US. "The next growth stage is coming and the global platforms have to create local content." "Outside the US, the market is slowly going to become more and more exciting and engaging," said Shibasish Sarkar, the group CEO of Reliance Entertainment. The Asia-Pacific region, for example, drove two-thirds of Netflix's subscriber growth last quarter. ![]() M&A interest in production houses in India and other Asian markets has also risen as global streamers increasingly focus on international markets to propel their subscriber growth. ![]() Now, thanks to Netflix and others, shows originating in places like Turkey, South Korea, India, and Israel are resonating not only with local audiences, but with viewers in other countries. The US used to be the main exporter of content around the world. "There's a lot more cross pollination of content assets across the globe." "The boundaries of content are diminishing" Khan said. STX Entertainment merged last year with Indian movie producer and distributor Eros International, in another example of a US-international tie up. Firms in the Middle East including Saudi Arabia and Abu Dhabi have been sizing up international production houses since Qatar's BeIN Media Group bought a majority stake in US studio Miramax in 2016, said Shahid Khan, a partner at management consultancy Arthur D. US companies aren't the only buyers for these kinds of production houses either. "The most attractive deals are actually something different."īlum said there could be more affordable, and equally compelling targets, in markets like the Nordics or Turkey, where production costs are still low but shows like Norway's "Ragnarok" and Turkey's "Ertuğrul" have proven they can break through with global audiences. "The US production houses are all going to be a similar story to Hello Sunshine I think you overpay because that's the most expensive IP on planet earth," Sebastian Blum, partner at OC&C Strategy Consultants, told Insider. The Information reported in July that SpringHill was exploring a sale that could value it at $750 million.īut three industry sources who specialize in M&A told Insider that international production companies could offer buyers more bang for their buck, given the high valuations for US companies. The reported valuation, which the companies have not confirmed, raises the profile of US production houses like LeBron James' SpringHill Entertainment. The New York Times reported on Tuesday that Witherspoon agreed to sell the shop behind Apple TV+'s "The Morning Show" and Hulu's "Little Fires Everywhere," at a $900 million valuation, to a company backed by investment firm Blackstone Group and led by former Disney executives Kevin Mayer and Tom Staggs. Reese Witherspoon's Hello Sunshine is fueling chatter about other potential deals for star-powered and influential production houses, in the US and abroad.
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