Faraway Road Productions Acquired by Candle Media, Next-generation Media Company Backed by Kevin Mayer, Tom Staggs, and Blackstone
Summary
Founded by Lior Raz & Avi Issacharoff, the creators of FAUDA and Hit & Run, Faraway Road Productions is a global media and entertainment company delivering high-impact, original stories to audiences around the world. Other current development projects include the film Siege of Bethlehem – to be directed by Antoine Fuqua – and a non-scripted spy thriller for Showtime with director Greg Barker. Kevin Mayer & Tom Staggs, Co-Chairmen and Co-CEOs of Candle, said: “ Lior and Avi are world-class storytellers who produce exhilarating content that strikes a chord globally with audiences across cultures and languages. By bringing together elite talent operating at the intersection of content, community, and commerce, it helps position leading entertainment businesses for accelerated, sustainable growth in the current market and beyond. Candle is run by its Co-Chairmen and Co-CEOs, leading entertainment executives Kevin Mayer and Tom Staggs, and backed by investment capital from funds managed by Blackstone’s flagship private equity business.