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Peter Chernin’s North Highway Firm Receives $150M Qatar Funding – Latest Hollywood News

Peter Chernin’s North Highway Firm has taken in a $150 million funding from Qatar Funding Authority so as to develop. 

The studio launched in July 2022 by combining Chernin Leisure, which has been behind titles akin to Ford v. Ferrari and New Lady and documentary manufacturing studio Phrases + Footage. The corporate consists of unscripted content material from Kinetic Content material, Left Proper Productions and 44 Blue, encompassing the titles of Love Is Blind, The Ultimatum, Married at First Sight, and The Circus, in addition to a global division led by Jan Frouman and Kristin Jones, with a deal with international acquisitions and co-productions. 

North Highway Firm stated it has its hand in additional than 85 lively productions, which embrace a brand new season of Love is Blind, Luther, starring Idris Elba, Cynthia Erivo and Andy Serkis, which is scheduled to premiere on Netflix this spring, and a brand new season of Apple TV+’s Fact be Informed, starring Octavia Spencer.

The funding provides to the movie and TV studio’s current funding, which incorporates as much as $500 million from Windfall Fairness Companions L.L.C. and $300 million in debt financing from Apollo International Administration. 

“QIA’s funding permits North Highway to capitalize even additional on the rising demand for premium, unbiased content material. Constructing on the help from Windfall Fairness, now we have already been capable of convey collectively a few of the highest-quality suppliers of movie and TV content material, led by a few of the finest inventive executives within the enterprise. This funding fuels our persevering with technique to develop through natural and inorganic progress initiatives globally,” stated Peter Chernin, chief government of North Highway.

“QIA is delighted to help the growth of the North Highway Firm, a market-leading media agency,” stated Mohammed Al-Sowaidi, QIA’s Chief Funding Officer of Americas. “This funding underpins our technique to spend money on progressive media and expertise corporations all over the world and advances our long-term partnership with The Chernin Group.” 

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