Asacha Media Group Acquires Majority Stake in Red Planet

Asacha Media Group (AMG) has purchased a majority stake in the U.K. drama production company Red Planet Pictures, which has a slate that features Death in Paradise and Sanditon.

Red Planet Pictures, which is led by Belinda Campbell and Alex Jones as joint managing directors, was founded in 2006 by multi-award-winning showrunner Tony Jordan, who now serves as executive chairman. Jordan, Campbell and Jones will become minority shareholders in AMG alongside funds managed by Oaktree Capital Management, founders and other managers of AMG’s production companies who also reinvested in the group.

Gaspard de Chavagnac and Marina Williams, AMG’s co-CEOs, said: “One year on from launching Asacha Media Group, we are excited to be further strengthening our U.K. presence by acquiring Red Planet Pictures. Under the leadership of Tony, Belinda and Alex, the Red Planet team has achieved an exceptional track record of producing returning hits that captivate global audiences. This acquisition will enhance our ability to serve leading platforms around the world and is another milestone in AMG’s roadmap to become a leading European content provider.”

Campbell and Jones said: “In Asacha we have found a partner with whom we can further our ambitions in producing high-quality, popular drama that resonates on a global stage. Working with Marina and Gaspard, we will benefit from not only a wider network across EMEA and beyond, but also like-minded creatives and the extended AMG family for exciting co- production opportunities. We look forward to exciting times ahead.”

Jordan added: “We found a real connection with Marina and Gaspard and in Asacha’s ambition and philosophy. The group is a great fit both creatively and commercially. I’m excited to be working together, creating stories that will connect with audiences across the world.”