France’s Newen Studios has bought Johnson Production Group (JPG), a financier, producer and distributor of TV movies.
The 32-year-old group’s founding president Timothy O. Johnson will continue to lead the company. JPG said it packages, finances and distributes more than 40 TV movies per year, citing the likes of Christmas at Pemberley Manor, Love on the Slopes, Falling in Niagara, Hotwired in Suburbia and Noel Next Door.
Newen said the move comprises part of its strategy to acquire global IP, which kicked off when it bought Reel One five years ago.
Newen Studios CEO Pierre Branco said: “We are delighted to welcome Tim Johnson and his team to the Newen Group. The signing of the agreement for the acquisition marks a new step in the Group’s development and its international expansion. With Reel One and now JPG, we are becoming one of the world leaders in the production and distribution of TV movies while strengthening our privileged access to the North American market.”
Johnson called Newen “the perfect strategic partner for our organization going forward in this dynamic marketplace.”
TF1-owned Newen counts more than 50 labels in its stable including the likes of Aux Singuliers, Pupkin and Rise Films.
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