The german media group is bundling its eight subsidiaries in Germany, the UK, Denmark, Israel, and its global program sales arm under the umbrella of the newly established Seven.One Studios.
The German commercial broadcast group shares a 50:50 partnership on the AVOD, which was established with Discovery in 2017, and has operated under the name Joyn since 2019.
ProSiebenSat.1 Group has sold the US part of Red Arrow Studios’ production business to Hollywood veteran Peter Chernin’s The North Road Company, in a transaction based on an enterprise value of US$310 million.
ProSiebenSat.1 subsidiary Seven.One Entertainment Group is founding a new Red Arrow production company based in Cologne, Germany, which will develop and produce entertainment formats for all the group's platforms.