Banijay has taken a majority stake in the Spain and Italy-based company for an undisclosed fee, marking another acquisition after it agreed to buy Endemol Shine Group for $2.2BN in October.
As well as producing shows like The Room — which is being adapted by BBC Studios-backed producer Firebird Pictures — and Disney Channel Italia’s Monica Chef, Funwood Media also works as a distributor and agent.
Banijay Rights chief Tim Mutimer will work closely with Funwood Media’s founder Aldo Spagnoli to integrate the company and exploit its expertise across Europe.
Mutimer said: “Aldo is incredibly well-established across Spain and Italy, and with a growing presence in France, he is perfectly positioned to add value to our activities.”
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