Red Arrow Entertainment Group Acquires Majority Stake in US Production Company Karga Seven Pictures

Red Arrow Entertainment Group Acquires Majority Stake in US Production Company Karga Seven Pictures Strengthens Red Arrow's foothold in the world's largest production market

Expands the Group's factual entertainment slate and global distribution business

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 factual entertainment, producing both non-scripted and scripted programs. Since launch, Karga Seven has produced more than 300 hours of programming and has enjoyed great success working with a wide selection of leading US cable outlets, including Travel Channel (Booze Traveler), Discovery Channel (How Booze Built America with Mike Rowe), Science Channel (Futurescape with James Woods), Discovery ID (Cry Wolfe), and History Channel (Hunting Hitler). Karga Seven will continue to be led by Wetherbee, Sahin and McPherson. As part of the transaction, Karga Seven has entered into a worldwide distribution deal with Red Arrows sales arm, Red Arrow International.

The acquisition of Karga Seven is the latest step in Red Arrows rapid and ongoing expansion in the US production market. Existing Red Arrow Entertainment companies in the US include Half Yard Productions, Nerd TV, Kinetic Content, Fabrik Entertainment and Left/Right Productions. Recent Group productions in America include: Bosch (Amazon); Odd Mom Out (Bravo); Married at First Sight (A&E/fyi) and The Last Alaskans (Animal Planet).

Jan Frouman, CEO of Red Arrow Entertainment Group, said: From the moment we got to know Sarah, Emre and Kelly, it was clear that they would be tremendous additions to our Group. We love their approach to development and production, share a common collaborative spirit, and feel that we can achieve real US and global growth together.

Sarah Wetherbee, Executive Producers Karga Seven Pictures, added: Since we started Karga Seven out of a tiny basement apartment in 2008, weve stayed true to three core principles: always have a strong point of view; take risks; and seek out and collaborate with the most talented, passionate people you can find. Those beliefs were integral in our decision to partner with Red Arrow. In Jan and his team, we immediately recognized kindred spirits who shared a similar vision, creatively and for the future. Red Arrows track record speaks for itself. Their global reach will play a key role in us expanding our scripted and unscripted footprint across various platforms. Were beyond excited to be part of the team.

Stella Advisors acted as financial advisor to Red Arrow on the transaction. Karga Seven Pictures was represented in the transaction by Bryan Bowles and Ron Milkes of Bryor Media Partners.

Karga Seven Pictures

Karga Seven Pictures specializes in non-fiction television, feature films, documentaries and commercials. They produce and create shows across a wide array of genres and formats - from the hit series Booze Traveler for Travel Channel to event programming like Hunting Hitler for the History Channel. The New York Times called Karga Seven Pictures a go-to production company with a television specialty for shows that feature state-of-the-art special effects and dramatic re-creations but also a solid scientific foundation ( http://www.nytimes.com/2014/05/18/arts/television/karga-seven-a-go-to-company-for-tv-science-shows.html). Based in Los Angeles and Istanbul, Karga Seven Pictures has produced hundreds of hours of programming domestically and across the globe. Kargas second feature film, Takim, premiered in October of 2015.

Red Arrow Entertainment Group

Red Arrow Entertainment Group incorporates global distributor Red Arrow International as well as 12 TV production companies spanning six countries, the Los Angeles based digital media company Ripple Entertainment and multi-channel network Collective Digital Studio. In addition, the Group has creative partnerships and joint ventures with STV Productions (UK), The Imaginarium Studios (UK), Sync Media (Dubai) and United Artists Media Group (UK). Red Arrow Entertainment Group is part of ProSiebenSat.1 Media SE, one of Europes leading media groups.

For more information about Red Arrow Entertainment Group, please visit: www.redarrow.tv

LINK:	http://en.prosiebensat1.com/en/newsroom/press-releases/press-lounge/re...
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