Red Arrow Entertainment Group acquires majority interest in NERD
Munich, May 10, 2012. Red Arrow Entertainment Group today
announced the acquisition of a majority shareholding in UK
production company NERD TV.
NERD was founded in 2010 by industry-leading executives Jago Lee
and John Farrar. They rapidly built an impressive reputation for
creativity under the Chairmanship of Charlie Parsons, whose
company, Charlie Parsons Creative, made the founding
investment.
NERD specialises in factual entertainment and factual formats
for the UK and international markets. Previously, Farrar and Lee
ran teams at more than half a dozen UK
independent production companies, including Tiger Aspect,
Talkback Thames, Raw and Diverse. The company has a number of
ongoing projects, including a major order from Discovery Networks
and development deals in the UK, US, Germany and France.
NERD joins a dynamic and growing group of 17 production
companies under the Red Arrow Group umbrella, among them leading UK
entertainment producer CPL Productions. NERD's formats and finished
shows will be distributed by Red Arrow's global sales company,
SevenOne International. Red Arrow UK Managing Directors, Joel
Denton and James Baker, will oversee NERD's future plans with Baker
taking over as Chairman of the company.
Group Managing Director of Red Arrow, Jan Frouman, said: "We
didn't have to spend much time with Jago and John to realize that
they are exceptionally talented creators and producers. Their ideas
are fresh, forward-thinking and exactly what we were looking for to
round out our UK presence. We couldn't be more pleased about
getting this deal done."
Charlie Parsons, whose company Charlie Parsons Creative
specialises in finding and nurturing media talent, said: "I'm
delighted that my first TV production company investment has paid
off. John and Jago are very talented and I've enjoyed working with
them. It proves when you create the right team, you can really go
places."
NERD founders Farrar and Lee added: "We feel we've found a
perfect match for the company in Red Arrow's youthful, ambitious
team with their strong emphasis on creativity and quality, and
their intelligence-driven approach to distribution."
About Red Arrow Entertainment Group
Launched in January 2010 as a ProSiebenSat.1 Group
company, Red Arrow combines a dynamic and growing group of 17 TV
production companies spanning 9 countries, and leading programme
distribution house SevenOne International.
For more information about Red Arrow Entertainment Group, please
visit: www.redarrow.tv
For more information about NERD, please visit: www.nerdsite.co.uk
Contact:
Stefanie Prinz
Corporate Communications
ProSiebenSat.1 Media AG
Medienallee 7
D-85774 Unterföhring
Phone +49 [89] 95 07-11 99
Fax +49 [89] 95 07-911 99
E-mail: Stefanie.Prinz@ProSiebenSat1.com
www.ProSiebenSat1.com