Peter Chernin is going all-in on building an independent content studio with global reach backed with up to $800 million in financing from private equity giants Providence Equity Partners and Apollo.The media investor and former Fox chief has formed The North Road Company after quietly acquiring the U.S. production assets of Red Arrow Studios in a deal with Germany’s ProSiebenSat.1 said to be worth about $180 million.The Red Arrow units will combine with the existing Chernin Entertainment banner as the...
A member of the executive board of ProSiebenSat.1 Media SE from 2016-2019, Frouman served as chairman and CEO of its international content and distribution house Red Arrow Studios, which he launched in 2010. He was responsible for the group’s production lineup and global sales segment. Previously, he also oversaw its TV operations, including all channel brands in Germany, Austria and Switzerland. He started with ProSiebenSat.1 in 2004 and held several senior positions, including executive vice president for content acquisitions and production from 2008 to 2013. Earlier, Frouman worked as a director at media investment company Saban Capital Group. He graduated from Colgate University and has an MBA from USC.