What P3 Media does

P3 Media Inc. is a privately held production company and IP incubator founded in 2018 by journalist and former CIA/Pentagon attorney Adam Ciralsky. Headquartered in Burbank, California, the company transforms access-driven investigative journalism — much of it originally published in Vanity Fair, where Ciralsky is a contributing editor — into scripted and unscripted television and film properties. Its portfolio includes Netflix's spy thriller "The Recruit" (Season 2 premiered in 2024), Peacock's "Dr. Death" anthology, and in-development series at Hulu ("The Envoy"), Max ("NYPD Confidential"), FX, Showtime, and Lionsgate Television, alongside feature documentaries such as "Take No Prisoners" and "The Return."

P3 Media operates with a first-look deal at Disney's ABC Signature and runs a relatively flat team of 1–10 employees, supplementing internal capacity through partnerships with established showrunners and producers including Alexi Hawley, Gene Klein (formerly of Hypnotic), Dylan Clark Productions, and 4 AM Film Studios. The company's core "technology" is its proprietary pipeline of journalist-sourced IP, which it packages into development deals and licenses to major streaming platforms and television studios. In September 2023, the company absorbed Ready Entertainment in connection with a seven-figure investment led by Bernice A. King and Ashley Bell, extending its footprint into MLK-related IP and social-justice storytelling.

Revenue is generated through IP licensing royalties, production deals, and executive producer fees from streaming platforms (Netflix, Peacock, Hulu, Max) and studios (Lionsgate, ABC Signature/Disney). Pricing is project-based rather than consumer-facing, with deal values tied to script-to-series commitments and backend participation rather than disclosed per-unit pricing. No consumer-facing products or SaaS revenue exist; the company is effectively a B2B content supplier whose customers are a small group of major U.S. media companies.

Name

P3 Media

Legal name

P3 Media Inc.

Website

https://p3.media

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

P3 Media is a privately held production company and IP incubator founded in 2018 by journalist Adam Ciralsky that converts investigative journalism — primarily from Vanity Fair — into scripted and unscripted television and film for major streamers and studios including Netflix, Peacock, Hulu, Max, and Disney's ABC Signature.

Ownership category

akta.pro rank

Product category

Television and Film Production

NAICS

Motion Picture and Video Distribution (51212), Motion Picture and Sound Recording Industries (512)

SIC

Services-Motion Picture & Video Tape Production (7812), Services-Allied To Motion Picture Distribution (7829)

akta.pro primary industry

Transactional VOD Distribution (TVOD) (MPADAJAF)

Keywords

• Television production
• Film production
• IP licensing
• Investigative journalism
• Content development

Headquarters

HQ city

Burbank

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. IP Licensing and Production: P3 Media generates revenue through developing and producing scripted and unscripted content based on investigative journalism, licensing IP to major studios and streaming platforms. Revenue comes from production deals, executive producer fees, and development deals with networks like Netflix, Peacock, Hulu, Max, and cable networks.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels3 records

Core offering

P3 Media is a production company and IP incubator that develops, produces, and licenses scripted and unscripted television and film content based on founder Adam Ciralsky's access-driven investigative journalism. The company holds a first-look deal with Disney's ABC Signature and produces series and documentaries for major streaming platforms and studios including Netflix, Peacock, Max, Hulu, and Lionsgate Television. Revenue is generated through development deals, executive producer fees, and IP licensing arrangements.

Product overview

P3 Media is a media production company and IP incubator that produces scripted and unscripted television and film content. Founded in 2018 by journalist Adam Ciralsky, the company operates with a first-look deal at ABC Signature (Disney) and has projects in development at Netflix, Peacock, Max, Hulu, and Lionsgate. Its portfolio includes the Netflix hit series 'The Recruit,' the Peacock anthology 'Dr. Death,' and in-development projects including 'The Envoy' (Hulu), 'Bombay Noir,' and 'NYPD Confidential' (Max). P3 Media also produces documentary content such as 'Take No Prisoners' and 'The Return,' alongside journalism content for Vanity Fair that serves as source material for television adaptations. The company partners with Gene Klein and operates as an artist-friendly IP accelerator.

Differentiator

Problem solved

Functional benefit

Products and services

• The Recruit Scripted Netflix spy thriller series inspired by Adam Ciralsky's early career at the CIA, starring Noah Centineo as a young CIA lawyer. Produced by P3 Media alongside Lionsgate Television, EntertainmentOne (eOne), and Hypnotic.
• Dr. Death Peacock anthology drama series based on P3 Media founder Adam Ciralsky's Vanity Fair reporting on Paolo Macchiarini. Produced for NBCUniversal's Peacock streaming platform.
• The Envoy Hulu scripted hostage-recovery drama series created by Alexi Hawley, inspired by Adam Ciralsky's Vanity Fair reporting on the State Department's hostage recovery efforts. Co-produced with Lionsgate Television and ABC Signature.
• NYPD Confidential Max drama series in development based on Adam Ciralsky's Vanity Fair article about the NYPD's counterterror squad. Executive produced by P3 Media's Adam Ciralsky and Gene Klein alongside Dylan Clark Productions.
• Bombay Noir International crime thriller TV series produced under P3 Media's banner in partnership with 4 AM Film Studios. Ten-part drama created by Sai Pawar following an FBI agent investigating the murder of an American couple in Mumbai.
• Take No Prisoners Feature documentary chronicling the State Department's hostage recovery efforts led by Roger Carstens, accompanying Adam Ciralsky's Vanity Fair article. Lionsgate announced a scripted series adaptation based on this IP.
• The Return Feature documentary in development produced by P3 Media alongside Gene Klein, centering on the White House's efforts to free Eyvin Hernandez, an L.A. County public defender held in Venezuela since March 2022.
• Journalism Content (Vanity Fair) Access-driven investigative journalism by Adam Ciralsky published in Vanity Fair and other outlets, covering nuclear submarines, secret government units, bitcoin billionaires, fake royals, mercenaries, and international investigations. Multiple pieces have formed the foundation for P3 Media's TV and film adaptations.

Quantifiable outcome

• The Recruit reached Netflix's global top 10 list in 88 countries
• +1 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• ABC SignaturecoreStrategic or Co-development PartnerFirst-look deal with Disney's ABC Signature television studio. P3 has series in development at ABC Signature including co-production on The Envoy with Lionsgate Television.
• Lionsgate TelevisioncoreStrategic or Co-development PartnerStudio partner for The Recruit and The Envoy. Lionsgate Television produces these series under overall deals with creator Alexi Hawley.
• EntertainmentOne (eOne)majorStrategic or Co-development PartnerStudio for The Recruit series, co-producing with Lionsgate Television.
• Hypnotic (Doug Liman and David Bartis)majorStrategic or Co-development PartnerDoug Liman and David Bartis's production company developed and produced The Recruit alongside P3 Media. They are executive producers on the series.
• Estate of Dr. Martin Luther King Jr.majorStrategic or Co-development PartnerPartnership to enhance and amplify the civil rights leader's legacy in the film and television industry. P3 Media will work on protecting and developing content around MLK's intellectual property.
• Dylan Clark ProductionsmajorStrategic or Co-development PartnerDylan Clark and John-Eric Capps will executive produce the NYPD Confidential series via their production company alongside P3 Media.
• 4 AM Film StudiosmajorStrategic or Co-development PartnerProduction partner for Bombay Noir, an international crime thriller produced under P3 Media's banner. Created by Sai Pawar.
• Maxine ProductionsminorStrategic or Co-development PartnerPart of Sony Pictures Television, producing the Dr. Death: Cutthroat Conman documentary companion piece.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Anonymous Content: Independent film and television production company known for prestige, often nonfiction- or journalism-adjacent IP (Spotlight, The Revenant), with a similar talent-driven, IP-incubator model to P3 Media.
• Participant Media: Independent production company producing premium film and television content with social-impact themes, closely paralleling P3's prestige, journalism-rooted, social-justice positioning.
• A24: Independent studio producing prestige scripted film and television content, comparable to P3 in its artist-friendly incubator model and premium-streamer distribution strategy.
• Boat Rocker Media: Independent entertainment company producing scripted and unscripted content globally, comparable to P3 in its development pipeline, multiple-streamer strategy, and IP-licensing revenue model.
• Blumhouse Television: Independent production banner that develops IP-driven scripted and unscripted content across streamers and cable, mirroring P3's lean production model and platform deal structure.
• MRC (Media Rights Capital): Independent content studio that finances and produces premium film and television, closely matching P3's premium IP development and streamer distribution model.
• wiip: Independent TV studio that develops and produces premium scripted series for streamers and cable networks with a comparable small-team, IP-aggregation structure.

Broad incumbents

• Imagine Entertainment: Established production company producing premium scripted and unscripted content for streamers and broadcasters; a larger incumbent operating a broader portfolio with overlapping production capabilities.
• Legendary Entertainment: Major independent studio producing film and television with broad genre coverage; larger and more diversified but overlaps with P3 in producing premium content for global streaming platforms.
• Skydance Media: Diversified production company developing and producing premium film, television, and animation, with a similarly deep streamer relationship footprint to P3.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about P3 Media