Asacha Media Group Takes Majority Stake in U.K. s WAG Entertainment
Naman Ramachandran, provided by
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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.
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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.