Providence Equity Partners, a private equity firm, completed a $550m investment in North Road, a newly made media studio by Peter Chernin. “The growing demand for premium content represents a tremendous opportunity, and we believe there is no one better suited to capture it than the outstanding team at North Road. We are excited to build upon the decade-long partnership between Providence and Chernin and embark on this journey to create a global independent leader in premium scripted and non-scripted content," Davis Noell, Providence Senior Managing Director.