Newen, the Paris-based media company owned by TF1 Group, has acquired a majority stake in Reel One, a leading production and licensing company specializing in TV films for the North American and global markets.Based in Montreal with offices in London, Los Angeles and Vancouver, Reel One develops, finances, produces and sells TV films and series.
The company, whose credits include the series “Detective McLean,” generates 90% of its revenue outside of Canada, Newen said.Newen, the maker of costume drama series “Versailles,” is already well-positioned in French-speaking markets with production banners such as Capa Drama and Telfrance.
It should benefit from Reel One’s high volume of English-language productions.
This year, for instance, Reel One is expected to deliver more than 75 TV movies, including crime thrillers, romantic films and Christmas specials.Reel One founder and CEO Tom Berry will continue to hold a minority stake in the group and will
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