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- The North Road Company
The North Road Company Acquisition, Valuation, Funding & Investors
The North Road Company was acquired by Mediawan in January 2026.
The North Road Company acquisition price
Undisclosed
Acquired by Mediawan · Jan 2026
Cumulative funding The North Road Company raised
$650M
across 2 funding rounds
Key investors in The North Road Company
Qatar Investment Authority
Providence Equity Partners
About The North Road Company
The North Road Company produces scripted, documentary, and non-scripted film and TV content across multiple genres. London-based, it develops projects for broadcasters and streaming platforms worldwide.
Founded
2022
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Valuation
$1B (Jan 2023)
The North Road Company Acquisition
The North Road Company was acquired by Mediawan for an undisclosed price on 30 January 2026.
Before the acquisition The North Road Company had raised $650M across 2 funding rounds.
| Acquirer | Date | Type |
|---|---|---|
| 30 Jan 2026 | Strategic M&A |
The North Road Company Valuation
The North Road Company is currently valued at $1B, based on its undisclosed-stage round in January 2023.
The $150M round was led by Qatar Investment Authority.
The North Road Company valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2023 | Undisclosed stage | $1B |
The North Road Company Funding History
The North Road Company has raised a total of $650M across 2 funding rounds.
The North Road Company's first fundraising round was a $500M undisclosed-stage round in July 2022. The most recent completed round was a $150M undisclosed-stage round in January 2023.
The North Road Company funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2023 | Undisclosed stage | Qatar Investment Authority (lead) | $150M | $1B | The North Road Company is a global, multi-genre film and TV studio launched in 2022 by Peter Chernin, focusing on premium independent content production. On January 31, 2023, it secured a $150 million growth capital investment from Qatar Investment Authority (QIA) to support expansion strategies, including organic and inorganic growth initiatives. This followed its launch capital of up to $500 million from Providence Equity Partners and $300 million in debt financing from Apollo, bringing total capital raised to around $950 million across rounds. The investment enables North Road to capitalize on demand for high-quality content, with over 85 active productions including seasons of Love is Blind and Luther. QIA, Qatar's sovereign wealth fund, views North Road as a market-leading media firm aligning with its strategy in innovative media and technology. Providence Equity Partners, the lead investor at launch, continues to support aggressive growth and strategic acquisitions alongside QIA. Post-investment, North Road pursued acquisitions such as Karga Seven Pictures in June 2023, building a fragmented industry into a leading global independent content studio. |
| Jul 2022 | Undisclosed stage | Providence Equity Partners (lead) | $500M | - | The North Road Company, launched in 2022 by Peter Chernin, Jenno Topping, and Jesse Jacobs, is a global multi-genre content studio formed through the combination of Chernin Entertainment and other production entities, with Providence Equity Partners as lead investor providing up to $500 million in growth capital and $300 million in debt financing from Apollo at launch around July 6, 2022. This initial capital base supported the aggregation of top production companies like Chernin Entertainment (behind films such as Ford v Ferrari and Hidden Figures), Kinetic Content (producer of Netflix reality hits like Love Is Blind), and later expansions including North Road Television Studio, Little Rooms Films, Karga Seven, and Perro Azul. Providence, a media-focused private equity firm, partnered with the company to drive organic and inorganic growth in premium independent content. In January 2023, North Road secured a supplemental $150 million unattributed investment from Qatar Investment Authority (QIA), building on the Providence and Apollo funding to further capitalize on demand for high-quality film and TV content. The company has since pursued strategic investments in ventures like Peyton Manning’s Omaha Productions, Questlove and Black Thought’s Two One Five Entertainment, Chris Paul’s Ohh Dip!!! Productions, and GenAI studio Promise. The acquisition, expected to close in H1 2026, follows Mediawan’s prior North American investment in Plan B Entertainment and aims to enhance global creative independence across scripted, unscripted, and sports content portfolios. |
Who has invested in The North Road Company?
2 investors have backed The North Road Company across its funding rounds, including Qatar Investment Authority and Providence Equity Partners.
Lead investors include Qatar Investment Authority and Providence Equity Partners.
The North Road Company Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by The North Road Company
The North Road Company has acquired 3 companies to date.
Last acquisition by The North Road Company was on January 24th 2025. The North Road Company acquired Perro Azul for undisclosed valuation.
Latest Acquisitions by The North Road Company
| Description | Perro Azul is a Mexico City-based production company specializing in scripted series, documentaries, movies, and podcasts. The studio has produced Netflix series including Narcos: Mexico and La Casa de las Flores, alongside projects for Amazon Prime Video and HBO. Perro Azul collaborates with international talent and handles full production from development to post-production across Latin America. | London-based Little Room Films produces documentary films and non-scripted television content. The company specializes in long-form documentaries exploring social issues, cultural stories, and human interest topics. Notable projects include series for broadcasters like BBC and Channel 4, alongside independent features screened at international film festivals such as Sheffield Doc/Fest and IDFA. With a team of award-winning directors and producers, Little Room Films delivers high-impact storytelling that has garnered BAFTA nominations and critical acclaim since its establishment in the early 2010s. | Two One Five Entertainment is a Philadelphia-based media production company founded in 2016 by Questlove and Black Thought of The Roots. The firm produces live events, television series, and podcasts, including collaborations with HBO on music documentaries and partnerships with Live Nation for hip-hop festivals across the East Coast. |
| HQ Country | |||
| HQ City | Mexico City | London | Philadelphia, PA |
| Deal Date | 24 Jan 2025 | 16 Nov 2023 | 7 Nov 2023 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all The North Road Company acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by The North Road Company
The North Road Company has invested in 1 company to date.
Latest investment by The North Road Company was on January 1st 2024. The North Road Company invested in Omaha Productions in their $10M Strategic investment round.
Latest Investments by The North Road Company
| Description | Omaha Productions is a Denver-headquartered media company producing sports and entertainment content for ESPN, Netflix, and Amazon Prime Video. It creates 'Peyton's Places' documentary series and the 'Manningcast' alternate Monday Night Football broadcast. The firm secures ad deals with Nationwide and Caesars Entertainment while developing unscripted projects. Launched in 2020, Omaha partners with Peter Chernin for global distribution. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 1 Jan 2024 |
| Round | Strategic investment |
| Raised | $10M |
| Investors | - |
| Valuation | $400M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all The North Road Company investments and their VC round multiples. Start Free Trial | |
The North Road Company Competitors
The North Road Company competitors include listed companies like Saregama India and Zee Entertainment, and private ones like ivi, Minute Media, Tata Sky and Pocket FM.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $121M | - | $1B | 8.3x | ||
| Private | $300M | - | $1B | 3.3x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $100M | $36M | $979M | 8.6x | ||
| Publicly listed | $843M | $43M | $784M | 0.6x | ||
| Private | $150M | - | $750M | 5.0x |
The North Road Company Public Comps
The North Road Company is no longer listed, but its public comps include Sinclair, Saregama India, Shochiku, China Television Media, MNC Digital Entertainment, ProSiebenSat.1 Media, JYP Entertainment, iQIYI, Storytel and FuboTV.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3.2B | $491M | 1.4x | 1.3x | 9.2x | 6.7x | |||
| $100M | $36M | 9.7x | 8.6x | 26.8x | 24.6x | |||
| $632M | $80M | 2.0x | 2.1x | 16.2x | 19.4x | |||
| $155M | $9M | 5.8x | - | 97.8x | - | |||
| $216M | $73M | 4.7x | - | 14.0x | - | |||
| $4.2B | ($22M) | 0.6x | 0.6x | (118.4x) | 5.8x | |||
| $598M | $175M | 1.1x | 1.1x | 3.8x | 5.4x | |||
| $4.1B | $2B | 0.6x | 0.7x | 1.3x | 104.4x | |||
This data is available for Pro users. Sign up to see all The North Road Company competitors and their valuation data. Start Free Trial | ||||||||
Common questions about The North Road Company
| When was The North Road Company founded? | The North Road Company was founded in 2022. |
| Where is The North Road Company headquartered? | The North Road Company is headquartered in Los Angeles, CA, United States. |
| Is The North Road Company publicly listed? | No, The North Road Company was acquired by Mediawan in January 2026. |
| Who acquired The North Road Company? | The North Road Company was acquired by Mediawan in January 2026. |
| What is The North Road Company's valuation? | The North Road Company was last valued at $1B in its undisclosed-stage round in January 2023. |
| How much funding has The North Road Company raised? | The North Road Company has raised $650M across 2 funding rounds. |
| What was The North Road Company's last funding round? | The North Road Company's last funding round was a $150M undisclosed-stage round in January 2023, led by Qatar Investment Authority. |
| Who are The North Road Company's investors? | The North Road Company's investors include Qatar Investment Authority and Providence Equity Partners. |
| Which companies are comparable to The North Road Company? | Companies comparable to The North Road Company include ivi, Minute Media, Tata Sky, Saregama India, Zee Entertainment and Pocket FM. |
| How many companies has The North Road Company acquired? | The North Road Company has acquired 3 companies, including Perro Azul, Little Room Films and Two One Five Entertainment. |
| How many companies has The North Road Company invested in? | The North Road Company has invested in 1 company, including Omaha Productions. |
| What was The North Road Company's last investment? | In January 2024, The North Road Company invested in Omaha Productions' $10M strategic investment round. |
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