Red Arrow Entertainment Group to acquire majority interest in CPL Productions
Munich, March 1, 2012. Red Arrow Entertainment
Group today announced the acquisition of a majority shareholding in
CPL, one of the UK's most dynamic entertainment production
companies. The deal represents the first investment by Red Arrow in
the strategically important UK non-scripted market, in which CPL
has had great success as suppliers of hit entertainment and factual
entertainment shows to major UK broadcasters.
CPL is one of the most successful independent TV and radio
production companies in the UK. Its output spans primetime
entertainment, comedy and factual entertainment. An impressive
roster of hit shows includes Sky One's "A League of Their Own" and
"When the Dog Dies", starring Ronnie Corbett for BBC Radio 4. The
senior management team, comprising Danielle Lux, Murray Boland,
Heather Hampson and Janet Oakes, will continue to lead the company
through this exciting new phase, with Red Arrow UK's Managing
Directors, James Baker and Joel Denton, joining the CPL Board.
An exclusive first look deal allowing CPL access to Red Arrow's
growing slate of successful formats will also give CPL a key
strategic advantage in the UK market. New formats and those
finished shows produced by CPL will be sold worldwide by SevenOne
International in a deal that brings the indie into the heart of one
of the most powerful global production and distribution groups.
Jan Frouman, Group Managing Director of Red Arrow, said: "We're
delighted to be building what is a hugely exciting partnership with
CPL. As it has been since the start, Red Arrow's strategy is to
partner with the best talent in key production markets around the
world. CPL has proven to be outstanding at producing hit shows of
the highest quality. As for the UK - if you're serious about global
production and distribution, you're there."
CPL Managing Director, Danielle Lux, added: "This deal puts CPL
at the heart of a group of the world's best producers and format
creators as well as a powerful global distributor. Access to the
world market is key to this next phase in CPL's growth; Red Arrow
will take our new formats out into the world and we will bring the
best of theirs into the UK." CPL engaged corporate advisers About
Corporate Finance (ACF) and media law firm Wiggin LLP to advise on
the deal with Addleshaw Goddard LLP as advisors to the
shareholders.
About Red Arrow Entertainment Group
Launched in January 2010 as a ProSiebenSat.1 Group company, Red
Arrow combines a dynamic and growing group of 15 TV production
companies spanning 9 countries, with powerful creative
partnerships, including Dick de Rijk ("You Deserve It"; "Deal or No
Deal") and Genetic Entertainment ("Home Sweet Hotel"; "Don't
Panic"), and a leading program distribution house.
For more information about Red Arrow Entertainment Group, please
visit: www.redarrow.tv
For more information about CPL Productions, please contact: Ian
Johnson Publicity +44 207 836 3030 /
ian@ianjohnsonpublicity.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