Qatar Is Investing QAR546 Million Towards Netflix’s Love Is Blind
Qatar’s sovereign wealth fund is investing QAR546 million ($150 million) in North Road Co., an independent studio, that produces Love Is Blind
The North Road Company was formed by media finance mogul Peter Chernin, and it currently has over 85 active productions in the works, including a new season of Love is Blind and Luther.
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QIA’s investment enables North Road to capitalize even further on the growing demand for premium, independent content. Building on the support from Providence Equity, we have already been able to bring together some of the highest-quality suppliers of film and TV content, led by some of the best creative executives in the business. This investment fuels our continuing strategy to expand via organic and inorganic growth initiatives globally.
said Peter Chernin, in a media release.
The deal values North Road at more than $1 billion and resumes a relationship between the Qataris and Peter Chernin, Bloomberg stated.