FremantleMedia Acquires Majority Stake in French Scripted Producer Kwai
The Paris-based company specializes in TV films and series.
RTL Group's FremantleMedia said on Friday that it has acquired a majority stake in French scripted producer Kwai.
Financial details weren't disclosed.
The Paris-based fiction company specializes in TV films and series and is headed up by writer and producer Thomas Bourguignon, creator of popular French detective series Femmes de Loi, which aired from 2000-2009.
Together with the recent acquisition of Fontaram, the deal gives FremantleMedia "more scripted prowess in France and adds another prominent creative talent to its global network," the company said. "Bourguignon has extensive experience and success in France and has the ambition to produce series that appeal beyond the French borders."
The deal was brokered by Monica Galer, CEO of FremantleMedia France, who will also be the CEO of Kwai.
Said Galer: "Thomas Bourguignon is a brilliant writer and producer and we look forward to creating some really exciting scripted projects with him, in France and beyond."
Prior to founding Kwai, Bourguigon was a film critic and a member of Gilles Jacob’s selection committee for the Cannes Film Festival for five years, among other things.
The deal is the latest in a number of acquisitions by FremantleMedia, including deals for Corona, Wildside, Fontaram, Naked Entertainment, No Pictures Please and Skylark.