N.Y. shingle expands group's growing U.S. foothold
The independent TV company’s broad production slate includes the Emmy Award-winning TV adaptation “This American Life” for Showtime, VH1’s breakout hit series “Mob Wives,” “Home by Novogratz” for HGTV and AMC’s “Small Town Security.”
Left/Right was founded in 2005 by company co-presidents Banks Tarver and Ken Druckerman, who will continue to head the company following the acquisition.
Red Arrow, the production and international sales division of Munich-based broadcasting group ProSiebenSat.1, said the deal, announced Tuesday, strengthens its production foothold in the world’s largest production market by creating a partnership with an award-winning production company with long-standing relationships to U.S. networks.
In addition, the acquisition “leverages a strong management team with excellent creative and commercial skills, positions Red Arrow as a leading supplier of high-quality factual content to the global market and drives the group’s distribution business by accessing U.S. formats with hit potential,” the company added.
“This is a really significant and exciting step for us,” said Red Arrow managing director Jan Frouman. “Not only have Ken and Banks proven themselves to be a rock-star team, but we are also dramatically expanding our presence in the U.S. The deal has all the elements we prioritize: great people, a key territory, a stellar track record, and a strong group fit.”
To date, Left/Right has produced more than 300 hours of TV programming across a diverse range of genres, from docu-soap, celeb-reality and competition formats to documentary and serious fare.
“We had been looking for an international partner who could help Left/Right with its desire to expand internationally, and we could not have found a better partner than the Red Arrow group,” said Druckerman. “We have been incredibly impressed with their professional approach, and their portfolio of production companies and like-minded producers.”
Tarver added that joining forces with Red Arrow “allows us to globalize our approach to the television marketplace and to develop and produce new ideas and formats from around the world.
“The partnership will strengthen our core unscripted television business, while presenting us with a platform to develop new opportunities in scripted television and other new areas as well.”