CEO De Chavagnac to step down following Asacha Media’s acquisition by Fremantle

Gaspard De Chavagnac will stand down as CEO of the Asacha Media business he co-founded following its buy-out by fellow European production group Fremantle.

Gaspard De Chavagnac

The deal was announced in March last year and saw Fremantle acquire the group from Asacha’s founding partners, managers and funds managed by Oaktree Capital Management.

At the time it was said De Chavagnac would continue to run Asacha, reporting to Andrea Scrosati, Fremantle’s group chief operating officer and CEO for continental Europe.

However, today the companies announced that following the integration of Asacha’s portfolio into Fremantle, De Chavagnac would leave to focus on new media investment projects. He will will remain a shareholder of Mintee Productions, which he set up in 2017.

Founded in 2020, Asacha comprises eight labels across scripted, unscripted and feature films: Kabo Family, Mintee and Srab Films in France; Picomedia and Stand By Me in Italy; and Arrow Media, Red Planet Pictures and Wag in the UK.

De Chavagnac said: “I am very proud that, in just four years, my partners and I have built the third largest independent player in the European film and audiovisual production market. The development of Asacha Media Group has been a tremendous human, creative and industrial adventure, and an immense entrepreneurial success.

“I’m delighted that the careers of all Asacha Media Group’s associate producers will continue within Fremantle, one of the world’s leading content creation and distribution groups, which shares all the values we initiated. I wish all my associates and the Fremantle teams every success.”

Scrosati added: “I would like to personally thank Gaspard for his visionary leadership and the pivotal role he has played in both creating Asacha Media Group and successfully leading its integration into the wider Fremantle business. We wish him continued success in his next chapter.

“The individual Asacha businesses across France, Italy and the UK have all complemented our wider portfolio of labels while maintaining full editorial independence, and the results being delivered by their talented teams perfectly underline the numerous benefits of Fremantle’s global reach and expertise.”