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Red Arrow Entertainment Group Acquires Majority Stake in US Production Company Karga Seven Pictures
Munich, November 11, 2015. Red Arrow Entertainment Group has acquired a majority stake in Karga Seven Pictures, a television production company based in Los Angeles. Karga also benefits from strong ties to the Turkish TV market and has offices in Istanbul. Founded in 2008 by Sarah Wetherbee, Emre Sahin and Kelly McPherson, Karga has established itself as a leading creator and producer of...
ProSiebenSat.1 Continues High Revenue and Earnings Growth in the Third Quarter of 2015
Munich, October 29, 2015. ProSiebenSat.1 Group also grew dynamically in the third quarter of 2015. The Group increased its revenues by 17.2 % to EUR 747.1 million (previous year: EUR 637.5 million). The latest acquisitions also contributed to this. Recurring EBITDA also increased considerably with growth of 9.1 %, reaching EUR 177.8 million (previous...
New Master License Agreement: ProSiebenSat.1 Secures Upcoming Films and Series from Disney
Munich, October 29, 2015. ProSiebenSat.1 and Disney Germany, Switzerland and Austria have signed a long-term master license agreement. The agreement gives ProSiebenSat.1 access to new Hollywood blockbusters and TV series from the production studios Disney, Pixar, Lucasfilm, Marvel and ABC Studios. The broadcasting rights are valid for ProSiebenSat.1 free TV stations in Germany. For the...
New Red Arrow formats “Kiss Bang Love” and “The Day the Cash Came” prove global hits
Munich, 21 October, 2015. Red Arrow International has announced that new MIPCOM 2015 formats "Kiss Bang Love" and "The Day the Cash Came" have been secured by Seven Network Australia and a wealth of other territories. Following its high-profile launch at MIPCOM 2015, Red Arrow International has licensed "Kiss Bang Love" to eight territories in total including Seven Network in...
ProSiebenSat.1’s start-up contest goes European: Five media companies to vote for “The Venture of Europe” at the SevenVentures Pitch Day
London/ Munich, October 19, 2015 - The SevenVentures Pitch Day (7VPD) is going into its fourth round with a new concept: For the first time, five European media companies will nominate their own start-up candidates. The start-up contest established by ProSiebenSat.1's subsidiary SevenVentures has been held in connection with the NOAH Conference in London since 2012. This year, TV companies...
Red Arrow Entertainment Group Establishes US-based Digital Media Company Ripple Entertainment
Munich, October 15, 2015. Red Arrow Entertainment Group has strengthened its global digital presence by launching Ripple Entertainment, a digital media company in Los Angeles. Run as a wholly independent company, Ripple will launch and operate vertically focused networks, producing original content with Red Arrow production companies, external strategic partners and independent...
ProSiebenSat.1 raises 2018 revenue growth target from EUR 1 billion to EUR 1.85 billion
Munich, October 15, 2015. At today's Capital Markets Day, ProSiebenSat.1 Group will announce new financial targets for 2018, as the company is growing faster than originally planned in all segments. ProSiebenSat.1 aims to increase its revenues by EUR 1.85 billion to around EUR 4.2 billion compared to 2012. Initially, an increase of EUR 1 billion to almost EUR 3.4 billion by...
Tele Columbus will add maxdome to its TV platform in mid-2016
Unterföhring/Berlin, October 15, 2015 - ProSiebenSat.1 Group today announced that it entered into a cooperation agreement with Tele Columbus Group, the third largest German cable network operator, for Video on Demand (VoD) services. Starting from mid-2016, maxdome subscription VoD will become an important layer of Tele Columbus' planned Advanced TV platform. With its planned Advanced...
Internationalization of the travel cluster: ProSiebenSat.1 acquires Etraveli, a leading pan-European online travel agent for flights
Munich, October 12, 2015 . The ProSiebenSat.1 Group is further expanding its eCommerce business activities. Via its investment subsidiary 7Travel, the TV Group has acquired Etraveli Holding AB. Based in Uppsala, Sweden, Etraveli was founded in 2007 and is a leading pan-European online travel agent for flights. ProSiebenSat.1 has acquired 100% of the shares in Etraveli from Segulah IV L.P.,...
Red Arrow Entertainment Group and Nippon TV Enter New Co-Development Partnership
Cannes, October 5, 2015. Global production and distribution group Red Arrow Entertainment and Japanese commercial broadcaster Nippon TV have announced a new co-development partnership. The deal will enable Nippon TV and Red Arrow to work closely together to develop brand new entertainment and reality formats for the international market. The first project to have emerged from the...