ProSiebenSat.1 To Decide Fate Of ‘Bosch’ Producer Red Arrow Studios Before Christmas, As All3Media Circles
Click here to read the full article.
German broadcaster ProSiebenSat.1 will decide the fate of its production outfit Red Arrow Studios before Christmas after exploring a sale in recent months.
The sale process is in the final stages following a detailed appraisal of Red Arrow by investment bank Morgan Stanley, which has overseen proceedings since September.
More from Deadline
Viacom's Channel 5 Raids BBC Again For The Hairy Bikers, As It Retreats From Entertainment
Discovery Acquires Global TV Rights To Warsaw Ghetto Documentary 'Who Will Write Our History'
ProSiebenSat.1 received expressions of interest from a number of major production players and more than one potential suitor remains in the running.
This includes All3Media, the production group owned by Discovery and Liberty Global, which continues to be acquisitive. It ran the rule over Endemol Shine Group before the Banijay takeover was agreed last month.
But ProSiebenSat.1 is not committed to disposing of Red Arrow and will decide whether to keep or sell the production studio by the middle of December.
Red Arrow owns 20 production companies, including Bosch producer Fabrik Entertainment and The Circus producer Left/Right in the U.S. In the UK, Red Arrow boasts CPL Productions, which is currently making CBS show Game On!, and Endor Productions, the drama producer behind BBC Two’s Vienna Blood, which was picked up by PBS this week.
TBI reported on Wednesday that All3Media is “poised” to acquire Red Arrow.
Sign up for Deadline's Newsletter. For the latest news, follow us on Facebook, Twitter, and Instagram.
