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3 Months : From Feb 2019 to May 2019
Mediawan (MDW) (Paris:MDW) completed on 27 February 2019, in
accordance with the agreements reached on 15 January 2019, the first
step of Palomar’s final acquisition, the first independent
Italian producer of TV content.
The blockbuster “The Name of the Rose”, which transmission is scheduled
to start on Tuesday 5 March, becomes Mediawan’s first
international series and is announced to be one of the biggest success
of the year, starring famous actors such as John Turturro, Rupert
Everett and Michael Emerson.
After having built its reputation in French production’s industry, Mediawan
makes its first strategic acquisition outside of France. Mediawan
already owns 53% of Palomar shares and should increase its stake
to 72% after a second phase in the coming next weeks and the issuance of
680,000 ordinary shares. The other 28% remain in the hands of Mr. Carlo
Degli Esposti, Palomar’s founder and CEO.
This stage is the beginning of the group’s international development
showing its ambition to reinforce European synergies in matters of
co-production and co-distribution.
Palomar currently see a very favourable momentum. Its movie “La
Paranza dei Bambini” became a Silver Bear for the greatest script at the
Berlin Festival, and the latest episodes of “Detective Montalbano”
broadcasted on RAI1, has reach record audiences of 45%.
Palomar is the perfect example to illustrate Mediawan's strategy: be a
local champion able to develop the leading international blockbusters.
Mediawan was founded by Pierre-Antoine Capton, Xavier Niel and Matthieu
Pigasse and raised €250 million from an initial public offering on the
regulated market of Euronext Paris. Since March 2017, Mediawan has
completed eight strategic acquisitions, in this way becoming a new
independent premium audiovisual content player, occupying a leading
position in Europe. The group works in four sub-sectors: production of
original drama and documentary content, operating animation brands,
distribution of audiovisual content, and publication of digital services
and channels. Find out more on the Mediawan website: www.mediawan.fr
Palomar, founded by Carlo Degli Esposti in 1986, is one of the oldest
independent Italian television and cinema production companies, a market
leader in Italy in the drama sector for the main domestic and
international TV networks. Since its inception, Palomar has worked
across television and cinema, producing dramas, docudramas, movies,
information programs and entertainment, providing some of the most
successful prime-time TV dramas of the last ten years. For TV, amongst
other titles, Palomar is the producer of Italian language shows like
Detective Montalbano, the Young Montalbano, Red Band Society, Murders at
Barlume and Maltese and English language international shows like The
Name of The Rose, premiere March 2019, Gheddafi and The Dirty Black Bag
now in development. On the film side, the company has produced
award-winning movies like Leopardi, Feather, the Fury of the Patient
Man, The Happy Prince and La Paranza dei Bambini.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190304005719/en/
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