ProSiebenSat.1 sells Red Arrow Studios' US production business to Peter Chernin's The North Road Company
Group continues to focus consistently in the Entertainment segment on successful local programming strategy in the German-speaking region and sells the US production companies that do not contribute to synergies
The US production companies Kinetic Content, Left/Right, 44 Blue, Half Yard Productions and Dorsey Pictures are being sold to Peter Chernin's The North Road Company
European production business remains an important part of the Entertainment business and the Groups strategy
Transaction is based on EV of USD 310 million (EUR 293 million)1; purchase price is subject to customary adjustments and is at around USD 200 million (around EUR 189 million)
Unterf hring, July 6th, 2022. ProSiebenSat.1 Group continues to consistently execute its strategy and sells the US part of Red Arrow Studios production business to Peter Chernin's The North Road Company. This includes the companies Kinetic Content, Left/Right, 44 Blue, Half Yard Productions and Dorsey Pictures. Founded in 2022 by Peter Chernin, The North Road Company is a global, multi-genre studio that produces scripted, documentary, and non-scripted film and TV content across the United States and international markets. The disposal has already been approved by the relevant antitrust authorities and the transaction has now been closed accordingly.
The sale reflects the clear focus of ProSiebenSat.1 Groups entertainment business on producing local, relevant content that is distributed live and on-demand across all platforms in the German-speaking region. For creative ideas and the production of own content, the German-speaking production business of Redseven Entertainment and the European production companies CPL Productions, Endor Productions, Snowman Productions and July August play an important role. They thus make a strong contribution to ProSiebenSat.1s programming strategy. The distribution business Red Arrow Studios International will also remain in the Group. In addition, ProSiebenSat.1 recently launched two new production companies in Germany with Cheerio Entertainment and Flat White Productions to strengthen its own production capacities in the Entertainment segment for the German-speaking market. In addition, the Group had invested in the production company Pyjama Pictures in 2019. At the same time, also Studio71 remains a firm part in the Group's strategy: The global digital media and entertainment company especially addresses young target groups with its video offerings.
Rainer Beaujean, Group CEO of ProSiebenSat.1 Media SE: We continuously verify that our companies are fully aligned with our strategy and financial targets. In the entertainment business, this means that we need production companies that understand the cultural characteristics and preferences of our viewers. After all, local content is what sets us apart from the competition. Such production businesses are, besides our German companies, our assets in countries such as Denmark and the UK. It was therefore consequent that we keep these companies within our Group. Our top priority is to link them even more closely with our entertainment platforms. Our US production companies have created successful and popular TV brands in the US market, but do not strengthen our strategy in the German-speaking region in the long term. For North Road, they will make a significant contribution. We wish them all the best for this and thank them very much for our time together.
Red Arrow Studios, ProSiebenSat.1 Groups production network, built up its US business from 2010. During this time, these companies produced successful formats for US stations and platforms: These include, for example, the hit formats Love is Blind (Kinetic Content for Netflix), The Weekly (Left/Right for FX and Hulu), Wahlburgers (44 Blue for A&E), Say Yes to the Dress (Half Yard Productions for TLC) and Building Alaska (Dorsey Pictures for Discovery).
The transaction is based on an enterprise value of USD 310 million (EUR 293 million). The purchase price is subject to customary adjustments and is at around USD 200 million (around EUR 189 million). The now sold US production companies generated an adjusted EBITDA of USD 8 million (EUR 7 million) in full-year 2021. This adjusted EBITDA comprises personnel expenses at around USD 33 million (around EUR 31 million) in connection with especially incentive programs.
The sold US companies had achieved the following key financial figures in full-year 2021:
Revenues (ext.)
EUR 218 million
Adjusted EBITDA (ent.)
EUR 7 million
EBIT (ent.)
EUR -3 million
Adjusted operating free cashflow (ent.)
EUR 11 million
Free cash flow (ent.)
EUR 12 million
Adjusted net income (ent.)
EUR -5 million
1 Currency conversion: EUR 1 = USD 1.06 (as of June 30, 2022)
Most recent headlines
11/12/2025
Dalet, a leading provider of cloud-native, end-to-end media workflow solutions, ...
01/12/2025
WASHINGTON The Federal Communications Commission has released a tentative agenda for its Dec. 18 Open Commission Meeting that will include a vote on a report an...
01/12/2025
In most years, a graph of annual local TV ad spending is about as predictable as an electrocardiogram of a reasonably healthy patient in a doctor's office. ...
01/12/2025
Many industries have seen big-ticket hardware turn into software. Switchers, though, demand a combination of real-time performance and sheer bandwidth that has ...
01/12/2025
GENEVA Shanghai will host the next quadrennial Radiocommunication Assembly (RA-27) and World Radiocommunication Conference (WRC-27), Oct. 11-Nov. 12, 2027. This...
01/12/2025
NEW YORK Just in time for Giving Tuesday tomorrow (Dec. 2), the Broadcasters Foundation of America is seeking out donations to help television and radio industr...
01/12/2025
STOCKHOLM, Sweden Net Insight CEO Crister Fritzson has informed the company's board that he will retire from the video transport and media cloud technology ...
01/12/2025
Festive specials of Christmas in Kilmainham presented by Marty Whelan, High Road Low Road, Callan Kicks the Year and Keys to My Life
Ring in the New Year with ...
01/12/2025
Architect and television presenter Hugh Wallace, best known to RT audiences as a long-serving judge on Home of the Year, has died at the age of 68.
In a state...
28/11/2025
Nadia Fall attends the 2025 Sundance Film Festival premiere of Brides at the Egyptian Theatre on January 24, 2025, in Park City, Utah. (Photo by Donyale West/...
28/11/2025
It's easy to ignore those little red update available badges. But when it ...
28/11/2025
WASHINGTON Federal Communications Commission has released a tentative agenda for the December Open Commission Meeting scheduled for Thursday, December 18, 2025 ...
28/11/2025
The Professional Fighters League is looking to super-serve fans of mixed martial...
28/11/2025
Fubo has released in beta on select Roku devices a new feature that lets users display up to four simultaneous streams at once....
28/11/2025
The WNBA playoffs and Week 4 of the NFL regular season highlight the list of live sports events airing on television this weekend....
28/11/2025
The 32nd class of honorees to the B+C Hall of Fame took to the stage at New York's Ziegfeld Ballroom on September 26 for a gala induction event. Click below...
28/11/2025
We hold in our hands the very last Next Text for Next TV, the weekly back-and-fo...
28/11/2025
DirecTV said it made a deal with EchoStar to buy EchoStar's video businesses, including satellite-TV provider Dish TV and virtual MVPD Sling TV, for $1 plus...
28/11/2025
The Broadcasting+Cable Hall of Fame, the premier industry event paying tribute to the influencers, innovators and shining lights of broadcast, cable and streami...
28/11/2025
Friday 28 November 2025
Sky Sports x Slawn drop limited-edition football jersey...
28/11/2025
Rohde & Schwarz shows resilience in a challenging environment, revenue exceeds t...
28/11/2025
Unwrapped: The Toy Show Appeal - airing this Sunday on RT One and RT Player- s...
27/11/2025
LONDON Vizrt has added several AI-driven advanced features offering improved speed, intelligence and accuracy in the newest version of its media asset managemen...
27/11/2025
Prime Video has launched AI-powered video season recaps in a beta version for select English-language Prime Original series in the U.S., a move Amazon is callin...
27/11/2025
Back to All News
Netflix's Raat Akeli Hai: The Bansal Murders Marks a Grand...
27/11/2025
27 Nov 2025
GSMA brings M360 Eurasia 2026 to Samarkand in partnership with VEON...
27/11/2025
Tahar Rahim and Izuka Hoyle star in the gripping six-part Sky Original from Acad...
27/11/2025
Thursday 27 November 2025
Sky Arts Reveals the Nation's Greatest Basslines - and Queen Reign Supreme
The UK's most iconic basslines have been revealed...
27/11/2025
Back to All News
Stranger Things 5': Prepare for One Last Adventure With O...
27/11/2025
The media industry has a paradox at its core. It's an industry built on light, color and imagination, yet behind the scenes, it's powered by one of the ...
27/11/2025
Rating reflects rating progress across areas including policies, diversity & inclusion, health & safety and Net Zero leadership
Winchester, UK, 27 November 202...
27/11/2025
What are the industry standards for Retail Media? Kathryn explains that certification is based on the IAB Europe Retail Media Measurement Standards and the IAB ...
27/11/2025
World champion boxer and Irish sporting icon Katie Taylor will be in studio this...
27/11/2025
Roblox, one of the world's most popular online gaming platforms for primary ...
27/11/2025
Black Friday is leveling up. Get ready to score one of the biggest deals of the season - 50% off the first three months of a new GeForce NOW Ultimate membership...
26/11/2025
SVG Sit-Down: Prime Video EP Mike Muriano Previews Massive Black Friday Slate Fe...
26/11/2025
A cinematic snow sculpture at the 1995 Sundance Film Festival. Photo by Randall Michelson...
26/11/2025
Book podcasts are booming. On Spotify, you'll find everything from celebrity book clubs to deep dives with bestselling authors. And in markets where audiobo...
26/11/2025
Mumbai, November 24, 2025: In a first-of-its-kind initiative, JioStar, in collab...
26/11/2025
LONDON Factual content producer ITN Productions has launched a new low-latency IP gallery for news bulletins....
26/11/2025
MIAMI TelevisaUnivision said it struck a new multiyear distribution agreement with YouTube TV that includes distribution of TelevisaUnivision's U.S. network...
26/11/2025
OpenDrives, Inc., a leader in software-defined data storage and data services, today announced the launch of the Atlas Corporate Creative Solution. This new Atl...
26/11/2025
Disguise, the industry-leading company powering the world's biggest live performances, is partnering with pioneering LED wall manufacturer DVS to give atten...
26/11/2025
HighField AI, the pioneer in agentic and multimodal automation for broadcast and media production, today announced the expansion of its global channel partner n...
26/11/2025
As high-stakes Premier League fixtures approach and additional premium content launches, with MONO positioning themselves to dominate Thailand's sports stre...
26/11/2025
Hosting a wide variety of events from high-intensity NHL games to complex live music concerts and major entertainment productions, Montreal's 21,000 capacit...
26/11/2025
Vizrt, the leader in live production technology revolutionizing viewer engagement and experience, releases AI-driven advances focusing on speed, intelligence, a...
26/11/2025
ITN Productions, an award-winning factual content producer, today launched a new low-latency IP gallery for news bulletins. Responsible for delivering a leading...
26/11/2025
Ikegami reports ongoing advances throughout 2025 in developing and delivering coordinated television production solutions that maximize quality, versatility and...
ProSiebenSat.1 sells Red Arrow Studios' US production business to Peter Chernin's The North Road Company 
