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France’s Newen Studios Buys Majority Stake in U.S. Television Banner Johnson Production Group
Aiming to ramp up its presence in English language markets, France's Newen has acquired a majority stake in U.S. TV banner Johnson Production Group.
Pierre Branco, who recently joined Newen Studios as CEO after leading Warner Bros. France, said “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,” he continued. This will enable JPG and its partners to super service its clients delivering the best TV movies worldwide with the solid support of financing, distribution and massive scale Newen provides.”
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