TF1 Group-backed Newen Studios to acquire a majority stake in Johnson Production Group.

TF1 Group-backed Newen Studios, an audiovisual and film production, agreed to acquire a majority stake in Johnson Production Group, a provider of packaging, financing, production and distribution of TV movies. Financial terms were not disclosed. "We are delighted to welcome Tim Johnson and his team to the Newen Group. The signing of the agreement for the acquisition marks a new step in the Group’s development and its international expansion. With Reel One and now JPG, we are becoming one of the world leaders in the production and distribution of TV movies while strengthening our privileged access to the North American market," Pierre Branco, Newen Studios CEO.