Faraway Road Productions Acquired by Candle Media, a Next Generation Media Company Backed by Kevin Mayer, Tom Staggs and Blackstone

LOS ANGELES & NEW YORK & TEL AVIV, Israel, January 11, 2022– (BUSINESS WIRE) – Candle Media (“Candle”), the next-generation media company led by senior entertainment executives Kevin Mayer and Tom Staggs and backed by private equity from Blackstone, announced today hui the acquisition of Faraway Road Productions. Terms of the transaction were not disclosed.

Founded by Lior Raz and Avi Issacharoff, the creators of FAUDA and Hit & Run, Faraway Road Productions is a global media and entertainment company that brings original, high-impact stories to audiences around the world. Season four of FAUDA is slated to air later this year on Israel’s YES TV and stream worldwide on Netflix. Other ongoing development projects include the film Siege of Bethlehem – which will be directed by Antoine Fuqua – and an unscripted spy thriller for Showtime starring director Greg Barker.

Kevin Mayer and Tom Staggs, Co-Chairs and Co-CEOs of Candle, said, “Lior and Avi are world-class storytellers who produce exhilarating content that strikes a chord globally with audiences of. all cultures and all languages. They are exactly the type of partners. we and Blackstone are looking to invest behind – and we’re excited to be working with them to further accelerate Faraway Road’s growth trajectory. “

Joe Baratta, Global Head of Private Equity at Blackstone, and David Kestnbaum, Senior Managing Director at Blackstone, said: “We are proud to support Lior and Avi, who uphold the highest standards of quality in international media and entertainment. . Creating content is one of our most compelling investment themes, and we believe that elite talent like the team at Faraway Road are uniquely positioned to thrive in the increasingly globalized digital environment. ‘today. “

Lior Raz and Avi Issacharoff, Co-CEO of Faraway Road Productions, said, “Faraway was founded to deliver authentic and engaging international stories to global audiences. Partnering with Kevin, Tom, Blackstone and the amazing creators who are part of the Candle family will allow us to dramatically accelerate this, while helping to build the next generation media company that puts creators first. “

About Candle Media

Candle is an independent, designer-friendly home of cutting-edge, high-quality, category-defining brands and franchises built for the digital age. By bringing together elite talent operating at the intersection of content, community and commerce, it helps position leading entertainment companies for accelerated and sustainable growth in today’s marketplace and beyond. The company acquired Hello Sunshine, the mission-driven media company that places women at the center of every story it creates, founded by Reese Witherspoon; and Moonbug Entertainment Ltd., the world’s leading digital children’s entertainment company with popular shows such as CoComelon, Blippi, Little Baby Bum; as well as a strategic minority investment in Westbrook Inc., the media company founded by Jada Pinkett Smith, Will Smith, Miguel Melendez and Ko Yada, focused on empowering artists to tell stories that connect the world. Candle is led by its Co-Chairs and Co-CEOs, Senior Entertainment Executives Kevin Mayer and Tom Staggs, and supported by private equity from funds managed by flagship private equity firm Blackstone.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest and the communities in which we operate. To do this, we use amazing people and flexible capital to help businesses solve their problems. Our $ 731 billion in assets under management include investment vehicles focused on private equity, real estate, debt and public stocks, life sciences, growth stocks, opportunistic credit and substandard quality, real assets and secondary funds, all on a global scale. More information is available at www.blackstone.com. Follow Blackstone on Twitter @Black stone.

About Faraway Road Productions

Founded and led by award-winning creator, writer and actor Lior Raz and award-winning creator, writer and journalist Avi Issacharoff, Faraway Road is a global multimedia entertainment company that develops and produces original, bold, high-impact and engaging content. In addition to creating original material, the duo and their team are tasked with staging many deeply personal experiences of authentic voices from around the world. They give those voices a platform and tailor them into sophisticated, character-driven stories that wouldn’t otherwise be told. Faraway Road oversees each of their projects, from concept to production and release, developing films and TV series for the US, Israeli and international markets.

Faraway Road is best known for creating and producing the critically acclaimed FAUDA series, a political thriller also starring Raz, based on his time and that of Issacharoff in the Israel Defense Forces Special Forces Unit. . The series is one of Israeli television’s biggest hits, with all three seasons available to stream on Netflix and the fourth season in production. The HIT & RUN action thriller series starring Raz and Sanaa Lathan, which Issacharoff and Raz co-created with the award-winning team behind THE KILLING, is also streaming on Netflix. Upcoming for Faraway Road is a solid roster of film and television projects in various stages of development.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220111005767/en/


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