The still-unnamed media startup founded by Disney vets Kevin Mayer and Tom Staggs, and backed by venture capital firm Blackstone, has found its latest acquisition in Israeli production company Faraway Road Productions.
Faraway operates a first-look deal with Netflix and is behind the series Fauda (pictured above), inspired by the company’s founders experiences in the Israel Defense Force, and the cancelled-after-one-season Hit & Run.
Mayer and Staggs’ company has already acquired Hello Sunshine and Moonbug Entertainment – both of which were significantly bigger acquisitions than Faraway, notes The Hollywood Reporter, which pegs the purchase price of the latter at under $50 million.
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Mayer and Staggs’ firm purchased Moonbug for $3 billion in November, and acquired Reese Witherspoon’s Hello Sunshine in August for $900 million. It was also rumored to be eyeing Will and Jada Pinkett Smith’s Westbrook Inc., though those talks appear to have ceased.
