In the next few days, ProSiebenSat.1, owner of Red Arrow Studios, will define whether or not it will sell the producer and distributor, for which it is already in negotiations with potential buyers.
In September of last year the German news outlet DWDL.de revealed that ProSiebenSat.1 was evaluating the sale of Red Arrow Studios.
And as it was learned, the German giant even hired the services of Morgan Stanley to evaluate what to do with its unit dedicated to the production and distribution of content.
Now, Variety says that the future of Red Arrow will be defined “in the coming weeks.”
As was initially known, the operation may lead to nothing, to the sale of Red Arrow Studios or to some form of association.
So far, All3Media, AMC, Sony Pictures Television, Banijay and Vivendi have been the main stakeholders, with negotiations already underway.
Red Arrow Studios includes up to 20 production companies in Europe and the US, as well as its distributor arm, Red Arrow Studios International, a fixed presence in almost all major international markets.
The producer Redseven Entertainment, creator of Next Top Model, and the MCN Studio71, with companies such as TF1 Group and Mediaset España, would be left out of the possible sale.
The Red Arrow Studios catalog includes titles such as the Bosch series, Falco, Stella Blómkvist, The Last Cop or Vienna Blood, as well as unscripted formats such as The Taste, The Restaurant That Makes Mistakes or Code to love, among others.red