FremantleMedia North America has acquired Random House Studio from publisher Penguin Random House and partnered with China’s Meridian Entertainment to adapt authors’ works for film and TV.
Projects already in development with Random House Studio will move to FMNA, including unscripted TV projects in the works through a deal with Jupiter Entertainment.
Peter Gethers will continue to lead Random House Studio as EVP and GM, reporting into FMNA co-CEO Craig Cegielski. He will also work with Meridian founder and chairman Jennifer Dong on theatrical projects and continue as editor-at-large for Penguin Random House.
“Our collective ambitions enable us to further harness the voice of the authors, engaging them in all stages of their adaptation and bringing their vision to every media platform worldwide,” Cegielski said in a statement.
“This partnership is a breakthrough for Meridian’s global strategy and marks a milestone in our international expansion,” Dong added. “Meridian has the determination, strength and ability to make full use of the rich and varied content that FremantleMedia and Random House Studio can provide and we will also explore the great potential of the vast Chinese market for our new partners.”
Random House Studio execs will be based in both FMNA’s Los Angeles offices and Penguin Random House’s New York headquarters.