Paris-headquartered Asacha Media Group has acquired a majority stake in U.K. production and distribution outfit Wag Entertainment.
The Wag portfolio includes “What on Earth?” and “Strange Evidence” for Science Channel, “Weird Earth” for The Weather Channel, “Combat Dealers” for Quest and “War Factories” for UKTV.
Following a transition period, Wag founder and CEO Martin Durkin stepped down at the end of 2021, handing over leadership to current COO Steven Green, who will become managing director.
Green will focus on further growing Wag Entertainment’s cross-platform slate in the U.K. and U.S., while expanding the business into Amg’s core European markets with factual entertainment, reality and documentary programming for TV networks and streaming platforms.
Asacha’s business focuses on the growth in demand for scripted and factual content from streaming platforms and TV networks across Europe and beyond. It launched in 2020 having acquired majority stakes in Italian production...
The Wag portfolio includes “What on Earth?” and “Strange Evidence” for Science Channel, “Weird Earth” for The Weather Channel, “Combat Dealers” for Quest and “War Factories” for UKTV.
Following a transition period, Wag founder and CEO Martin Durkin stepped down at the end of 2021, handing over leadership to current COO Steven Green, who will become managing director.
Green will focus on further growing Wag Entertainment’s cross-platform slate in the U.K. and U.S., while expanding the business into Amg’s core European markets with factual entertainment, reality and documentary programming for TV networks and streaming platforms.
Asacha’s business focuses on the growth in demand for scripted and factual content from streaming platforms and TV networks across Europe and beyond. It launched in 2020 having acquired majority stakes in Italian production...
- 2/11/2021
- by Naman Ramachandran
- Variety Film + TV
Asacha Media Group, the Paris-based production group founded last year by three former Endemol Shine and Zodiak executives, has acquired a majority stake in British production and distribution company Wag Entertainment for an undisclosed amount.
Wag was established in 1998 and the company’s slate includes Science Channel’s What On Earth?, which is in production on its seventh season, Combat Dealers for Discovery’s Quest, and UKTV’s War Factories.
As part of the deal, Wag CEO and founder Martin Durkin will step down at the end of 2021. He will be replaced by COO Steven Green, who will become the firm’s managing director following a transition period.
Wag’s most recent earnings showed it posted a profit of £7.7 million (£10.6M) in the 12 months to March 2020, up marginally on £7.3M the year before. The firm has £4.6M of cash in hand at the bank.
Asacha is building a portfolio of...
Wag was established in 1998 and the company’s slate includes Science Channel’s What On Earth?, which is in production on its seventh season, Combat Dealers for Discovery’s Quest, and UKTV’s War Factories.
As part of the deal, Wag CEO and founder Martin Durkin will step down at the end of 2021. He will be replaced by COO Steven Green, who will become the firm’s managing director following a transition period.
Wag’s most recent earnings showed it posted a profit of £7.7 million (£10.6M) in the 12 months to March 2020, up marginally on £7.3M the year before. The firm has £4.6M of cash in hand at the bank.
Asacha is building a portfolio of...
- 2/11/2021
- by Jake Kanter
- Deadline Film + TV
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