Random House Studio sold to Fremantle Media
Penguin Random House has sold the Random House film development unit known as Random House Studio to Bertelsmann-owned television production company Fremantle Media North America (FMNA), reports Publishers Weekly. PRH said that under the partnership Random House Studio will continue to look to develop books by Random House authors into film and television properties. FMNA will oversee television development, having previously worked with Random House Studios for two years on the production and distribution of its television projects. China-based Meridian entertainment, under a partnership agreement with FMNA, will develop, finance and produce Random House Studio’s film projects. Random House Studio executive vice president and general manager Peter Gethers said he hoped to continue the ‘perfect partnership’ with FMNA. ‘I am thrilled that we will now be a part of that team, allowing us to work even closer together and helping us grow,’ said Gethers. Launched in 2007, Random House Studios was an in-house unit that co-financed and co-produced its book-to-film adaptations.
Category: International news