Strategic funding gives Libra Group media subsidiary the flexibility to provide authentic movie and television programming for international distribution.
HOLLYWOOD, Calif., Nov. 28, 2022 /PRNewswire/ — Main international content material distributor Principal Media, a subsidiary of Libra Group, has introduced a strategic funding in Toronto-based Chesler/Perlmutter Productions (C/P), a world-renowned manufacturing firm with over 30 years of expertise growing and delivering award-winning scripted tv collection and movies.
The strategic funding expands Principal Media’s capabilities into the event and manufacturing of films, documentaries, and different programming. The transaction leverages Principal Media’s distribution community, which incorporates Netflix and different main platforms, to additional amplify C/P’s content material globally. It additionally gives entry to a deep library of content material that shall be out there as a part of Principal Media’s catalog and included within the upcoming launch of ad-supported streaming channels.
Based mostly in Hollywood, Principal Media has almost 20 years of expertise distributing a variety of tv programming throughout genres corresponding to meals, life-style, documentaries, sports activities, and wildlife. Its prospects embrace main networks and digital platforms all over the world, together with Netflix, Disney, Showtime, and the Discovery Channel, amongst many others. Following the funding, Principal Media could have entry to C/P’s huge array of authentic and scripted content material, starting from romantic movies that ship excessive scores to the award-winning dramatic thriller collection that began all of it, The Hitchhiker. Principal Media is a subsidiary of Libra Group, a privately-owned worldwide enterprise group whose subsidiaries personal and function property in almost 60 international locations.
“When Principal Media got down to workforce up with authentic content material creators, we couldn’t have been extra happy to land on the extraordinary, long-running success story that’s Chesler/Perlmutter Productions. The film magic they’re in a position to constantly ship is unparalleled,” stated Gary Rosenson, Chief Government Officer of Principal Media. “The inventive prospects are countless as we merge Chesler/Perlmutter’s dynamic storytelling with Principal’s international distribution community to create riveting new programming together with movies, collection and documentaries that shall be loved all over the world.”
Based mostly in Toronto, C/P is considered one of North America’s most important unbiased TV and movie manufacturing firms recognized for growing, financing, producing, and distributing to main networks and platforms all over the world. Their portfolio consists of the work of celebrated administrators corresponding to Kathryn Bigelow, Ivan Reitman, and Paul Verhoeven, and main actors together with Helen Hunt, Jason Bateman, Helen Mirren, Jim Carrey, Patricia Arquette, Rob Lowe, and plenty of others.
“As alternatives for content material creation proceed to develop, we’re thrilled to increase our international attain by means of Principal Media,” stated Lewis Chesler, Co-Founder and Government Producer at C/P. “We’re excited to work with Principal, an organization that shares our deep household values, to generate much more storytelling alternatives to run by means of our Canada-based workforce whereas we pursue much more incremental revenue-generating alternatives.”
“By means of this funding Principal Media will profit from Chesler/Perlmutter’s confirmed excellence in filmmaking, giving Principal new capabilities to make authentic movies that may be distributed all over the world,” stated Phaedra Chrousos, Chief Technique Officer of Libra Group. “The probabilities for innovation in each content material manufacturing and distribution are limitless. We stay up for persevering with to develop on this dynamic sector and evolving our capabilities by means of future strategic investments.”
This funding is the following step for Principal Media because it continues to develop its international leisure companies. It additionally follows continued funding by Libra Group in its international media portfolio. The family-owned group is predominately energetic in six enterprise sectors, together with maritime, aviation, hospitality, actual property, renewable vitality, and a rising presence in media.
About Principal Media
Since 2005, Principal Media has been licensing its uniquely huge and all the time increasing catalog of content material to TV networks and digital platforms worldwide. The Hollywood-based workforce represents all kinds of programming genres to an equally various array of networks and digital platforms all over the world. To maintain its catalog contemporary, Principal Media works intently with producers of all types to assist monetize completed programming and develop and co-produce authentic collection. It really works with a variety of main companions, together with Netflix, Showtime, and Disney. Principal Media is a subsidiary of Libra Group, a privately-owned worldwide enterprise group whose subsidiaries personal and function property in almost 60 international locations.
About Chesler/Perlmutter Productions
Chesler/Perlmutter Productions is a Canadian manufacturing firm with international attain, targeted on growing, producing and distributing tv films for US, Canadian, and worldwide broadcasters, in addition to theatrical films for nationwide and worldwide distribution. As considered one of Canada’s first unbiased household movie manufacturing firms, Chesler/Perlmutter has established itself in North American and international movie markets by means of its improvement, manufacturing, and distribution of content material. The corporate is predicated in Toronto and operates a manufacturing studio in Hamilton, Ontario.
About Libra Group
Libra Group (www.libra.com) is a privately-owned, international enterprise group that encompasses 30 working entities – 20 companies predominately targeted on aviation, vitality, maritime, actual property and hospitality, diversified industries, and 10 social initiatives. With property and operations in almost 60 international locations, the Group applies the energy of its international community and capabilities to ship cross-sector insights and progress at scale, whereas mitigating threat. As we speak, Libra’s Social Duty Applications embrace 10 social initiatives created to deal with unmet wants and grantmaking that helps folks worldwide. All through its 30 entities, the Group is concentrated on sustaining its revolutionary tradition supporting human potential, and all the time delivering progress with good – twin engines that energy the Libra ecosystem.
SOURCE Principal Media