Random House Studio Sold to Fremantle Media
The film development unit Random House launched in 2007, initially called Random House Films and then renamed and expanded into Random House Studio in 2012, has been sold to Fremantle Media North America.
FMNA, a TV production company which produces shows like The Price Is Right and The X Factor, plans on overseeing all television adaptations developed from Random House Studio properties. (FMNA is part of the RTL Group, owned, like PRH, by Bertelsmann.) China-based Meridian Entertainment, through a partnership with FMNA, will oversee film properties at Random House Studios.