The North Road Company, a media venture launched in 2022 by mogul Peter Chernin, has made its first acquisition in Latin America with Perro Azul, a major Mexican production company.
Perro Azul has produced Netflix’s most watched show ever produced in Mexico and Latin America, “Who Killed Sara? (¿Quién mató a Sara?).” The companies said the acquisition will allow Perro Azul to “scale their storytelling vision,” while allowing it to use “North Road’s strategic resources and expertise to bring even more Latin American stories to global audiences.”
As part of the deal, Perro Azul’s founding partners, Alexis Fridman and Juan Uruchurtu, will remain in their leadership roles, alongside the company’s Executive Producers Diego Rabasa and Julián de Tavira. Fridman and Uruchurtu will report to Jan Frouman, President of North Road International.
The acquisition of Perro Azul follows North Road’s purchase of Karga Seven Pictures, one of Turkey’s leading creators and producers of premium scripted film and TV. Karga Seven Pictures has produced a range of hits, including “Midnight at the Pera Palace (Pera Palas’ta Gece Yarısı),” a time-travel drama that topped Netflix’s most-watched list in Turkey, as well as “Testament: The Story of Moses,” a docudrama series that ranked as Netflix’s most-watched in over 40 countries.
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North Road’s international co-productions include “Bad Boy,” an Israeli series from original “Euphoria” creator Ron Leshem; “Heart of a Killer,” a medical thriller starring “Tehran‘s” Niv Sultan; and “Suture,” the Brazilian series from Emmy-winner Zasha Robles, released on Prime Video in Latin America and Portugal.
“Latin America is one of the world’s most exciting and fastest-growing regions for content, offering incredible opportunities to connect with global audiences,” Frouman and North Road President Scott Manson said in a statement. “Perro Azul is the perfect partner for us in the region. Alexis, Juan, Diego, Julián, and the entire Perro Azul team have built a company widely respected by audiences, best-in-class creatives, and buyers alike for its innovative storytelling and exceptional production quality. We are thrilled to welcome them to North Road as we bring their bold and beloved slate to the world stage and continue our strategic international expansion.”
The acquisition of Perro Azul comes on the heels of Latin American content production seeing significant growth, with Mexico leading much of this expansion.
“Perro Azul has always been about telling stories that push boundaries and reflect the complexity and richness of our culture,” Fridman said. “We are honored to join North Road – a company that shares our creative values and growth ambitions – and represent their first expansion into Latin America. With North Road’s robust support and strategic vision, we’re excited to amplify the voices of our region, take on bigger and bolder projects, and deliver content that resonates globally.”
Perro Azul’s production portfolio includes “The Secret of the River (El Secreto Del Río),” Netflix’s most popular Spanish-language show of October 2024. The company has also produced Netflix hits “Queens on the Run (Fuga de Reinas),” “Nothing to See Here (Ojitos De Huevo),” and “Daughter From Another Mother (Madre Solo Hay Dos).” Perro Azul’s upcoming projects include “Sin Querer Queriendo,” a biographical series on the entertainer and humorist Roberto Gómez Bolaños produced with THR3 Media Group for Max.
North Road’s recent releases include the action-comedy “Back in Action,” starring Cameron Diaz and Jamie Foxx, which launched on Netflix this past Friday and “The Madness,” an action-conspiracy thriller that starred Colman Domingo. The company also produces “Love Is Blind” for Netflix and “Game 7,” a Prime Video sports anthology series.