24 JAN 2025

North Road acquired Mexican production company Perro Azul

This marks The North Road’s first major move in LatAm and adds to its international interests following the pick-up of Turkish drama producer Karga Seven Pictures last year.

24 JAN 2025

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The North Road Company, led by Peter Chernin, has acquired the Mexican production company Perro Azul, known for its work on Netflix’s “Who Killed Sara?” (“¿Quién mató a Sara?”), “Suture” in Brazil, which premiered on Prime Video, and the Israeli drama “Bad Boy.” This acquisition represents North Road’s first major investment in Latin America and follows its international growth strategy, which included acquiring Turkish drama producer Karga Seven Pictures last year.

Perro Azul’s founders, Alexis Fridman and Juan Uruchurtu, will retain their roles alongside executive producers Diego Rabasa and Julián de Tavira. Fridman and Uruchurtu will report to Jan Frouman, president of North Road International since 2022 and a former executive at Red Arrow Studios.

The company’s portfolio also includes Netflix’s “El Secreto del Río” (“Secrets of the River”) and Fuga de Reinas (“Queens on the Run”), as well as Max’s upcoming “Sin Querer Queriendo,” a series about entertainer Roberto Gómez Bolaños.

In a joint statement, Frouman and North Road president Scott Manson expressed enthusiasm about the deal, saying: “Latin America is one of the world’s most exciting and fastest-growing regions for content, offering incredible opportunities to connect with global audiences. 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.”

Fridman emphasized the company’s creative mission, saying: “Perro Azul has always been about telling stories that push boundaries and reflect the complexity and richness of our culture.” He highlighted North Road’s “robust support and strategic vision… to amplify the voices of our region, take on bigger and bolder projects, and deliver content that resonates globally.”