French production company Mediawan acquires Germany's Leonine Studios in an all-stock deal, forming a European powerhouse.

Mediawan, a French production company, acquires Germany's Leonine Studios in an all-stock deal, forming a European powerhouse with 85 production labels across 13 countries & 30,000 hours of content, generating over €1bn revenue. CEO Pierre-Antoine Capton & Leonine founder Fred Kogel will lead German-speaking regions. Acquisition subject to German & Austrian authorities' clearance & other regulatory approvals.