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The new production company will be based in Munich and aims to supply the demand for comedy and reality content in the German TV and streaming market.

Schmidt has shepherded some of Sipur’s most impactful productions, including the recent award-winning Oct. 7 documentary “We Will Dance Again”  produced in collaboration with Bitachon 365, MGM Television, See It Now Studios for Paramount+, BBC Storyville and Hot Channel 8.

In the third quarter of 2022, ProSiebenSat.1 Group generated group revenues of €921 million in what the company described as “a very challenging market environment.”

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 slate includes "Love for the Ages," "Hold the Front Page," and "My New Mystery Job," among several others.