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Asacha Media Group acquires majority stake in Wag Entertainment Paris-based multinational content creator and producer Asacha Media Group (AMG) has acquired a majority stake in UK producer-distributor Wag Entertainment.
The acquisition will see Wag Entertainment’s founder and CEO Martin Durkin . February 11, 2021
Paris-based multinational content creator and producer Asacha Media Group (AMG) has acquired a majority stake in UK producer-distributor Wag Entertainment.
The acquisition will see Wag Entertainment’s founder and CEO Martin Durkin stepping down at the end of 2021 following a transitional period. He will hand over the leadership reins to current COO Steven Green who will step up to become MD of the company.
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Asacha Media Group Acquires WAG Entertainment
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Asacha Media Group Takes Majority Stake in U.K. s WAG Entertainment
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Paris-headquartered Asacha Media Group has acquired a majority stake in U.K. production and distribution outfit WAG Entertainment.
The WAG portfolio includes “What on Earth?” and “Strange Evidence” for Science Channel, “Weird Earth” for The Weather Channel, “Combat Dealers” for Quest and “War Factories” for UKTV.
More from Variety
Following a transition period, WAG founder and CEO Martin Durkin stepped down at the end of 2021, handing over leadership to current COO Steven Green, who will become managing director.
Green will focus on further growing WAG Entertainment’s cross-platform slate in the U.K. and U.S., while expanding the business into AMG’s core European markets with factual entertainment, reality and documentary programming for TV networks and streaming platforms.