Variety and the Flying V logos are trademarks of Variety Media, LLC. "ProSieben was exploring options for Red Arrow, including a sale, last year, but earlier this year ended that review. Red Arrow Studios Intl. “We strongly believe in the business.

Joel Denton stepped in as acting president earlier this month.Beaujean said: “Red Arrow Studios is a successful international content production and distribution company, and therefore an important part of ProSiebenSat.1. © Copyright 2020 Variety Media, LLC, a subsidiary of Penske Business Media, LLC. Red Arrow Studios CEO James Baker is stepping down.

"Baker said: "I have greatly enjoyed the last 10 years at Red Arrow Studios, working with talented people and creating exciting content around the world. The podcast is available now, and free, on Apple… New six-part docuseries (Un)Well produced by Left/Right, is to debut on Netflix. Analyst valuations had initially put the estimated price tag for the division at €300 million ($333 million).All3Media, the U.K. company owned by Discovery and Liberty Global, is said to have been a leading contender for Red Arrow Studios. “We strongly believe in the business. And we are all in and will remain so.”Red Arrow Studios comprises 20 production companies in Europe, the U.S. and Israel that make scripted and unscripted shows like Netflix’s new docu-drama “Rise of Empires: Ottoman” and CBS All Access’ true-crime series “Interrogation.”Red Arrow Studios’ overall production business generates some €550 million ($611 million) in annual revenues for ProSiebenSat.1.

Red Arrow Studios is in the good hands of my senior leadership team, and I wish everyone the very best. The existing Red Arrow Studios management team will report directly to the new advisory board. Following his departure, ProSiebenSat.1 will set up an advisory board at Red Arrow Studios, which will include Rainer Beaujean, chairman of the executive board and CFO of ProSiebenSat.1 Media, Wolfgang Link, a member of the board and CEO of SevenOne Entertainment, and Henrik Pabst, chief content officer of SevenOne. The existing Red Arrow Studios management team will report directly to the new advisory board.

Other companies that had reportedly eyed the unit included AMC, Sony Pictures Television, Banijay and Vivendi.Red Arrow Studios’ U.S. companies include Fabrik Entertainment, producer of “Interrogation” and Amazon’s “Bosch,” Karga Seven Pictures, maker of “Rise of Empires: Ottoman,” Kinetic Content and 44 Blue Productions as well as Endor Productions and Cove Pictures in the U.K. Its German production assets, which were not included in the original sales plan, include Redseven Entertainment, maker of ProSieben and Sat.1 shows such as “Germany’s Next Top Model” and “The Biggest Loser.”The coronavirus crisis has hit the German and European entertainment industries hard. Red Arrow is headed by president and co-CEO James Baker. This new structure underlines ProSiebenSat.1’s strategy to focus on local and live entertainment in Germany, Austria and Switzerland in cooperation with Red Arrow Studios.Baker’s exit punctuates an unsettled period for Red Arrow, which ProSiebenSat.1 was looking to offload. Overall the… Major new movie The Secret: Dare to Dream has launched on Premium Video on Demand (PVOD) in the US, with the UK launch set for Friday, August 7. Snowman Productions and the creators of worldwide hit format Married at First Sight, has been commissioned by Discovery Network Denmark to produce new unscripted series Klædt af mod toppen med… Studio71 US today announced three new podcasts launching this month – Wild Wild Tech, Wild ‘Til 9 from LaurDIY, and Preloaded – as well as an exclusive partnership with The… AMC Networks in the US have announced that they are developing new projects with Emmy-winning producers Left/Right, and comedians Cameron Esposito and Jena Friedman. "Testing slowdown: Fewer coronavirus tests casts doubt on falling case countsCasual dining chains like Ruby Tuesday's and Chili's are stuck in a 'state of limbo' without a COVID-19 vaccine It posted a record 2019. Red Arrow Studios International has secured a raft of new sales in Asia for its slate of formats and factual content. Since co-founding 44 Blue Productions in 1984 Rasha has established the compan… At ProSiebenSat.1’s Munich headquarters, staffers have been dealing with the pandemic and examining possible home office solutions.News of the Red Arrow Studios decision followed the announcement on Friday that ProSiebenSat.1 deputy CEO Conrad Albert was stepping down from his post on April 30 with mutual consent.Albert has been at the group for 15 years, initially serving as general counsel before being appointed to the executive board in 2011. Red Arrow Studios International, the distribution division of Red Arrow Studios, has secured global rights to distribute the forthcoming New York Times series, The Weekly. ‘Love is Blind’ is the smash hit on Netflix to just name one of our great lineup. We have a great team. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.

It posted a record 2019. Baker’s departure comes just weeks after an overhaul on the distribution arm of the business, Red Arrow Studios International, which saw Bo Stehmeier — who took over for Henrik Pabst in 2019 — leave to rejoin Off the Fence.