Paris-based studio Mediawan has acquired a “significant” stake in Brad Pitt’s LA-based film and TV production outfit Plan B.
The acquisition is part of a strategy for Mediawan, which is led by CEO and co-founder Pierre-Antoine Capton, to expand its presence in the US market.
The investment is being made through the newly created entity Mediawan US, which will handle future business dealings in the American market. Financial terms were not disclosed but a report from CNBC said Mediawan acquired a 60% stake in Plan B.
Plan B’s film credits include World War Z, 12 Years a Slave, Selma, The Big Short, Moonlight, Okja and Minari, while it has produced TV series such as The Underground Railroad (Amazon), High School (Amazon Freevee), Lego Masters (Fox), Feud (FX) and forthcoming show Three Body Problem (Netflix).
The US company is led by founder Pitt and co-presidents Dede Gardner and Jeremy Kleiner, who are all partners.
