Munich-based Red Arrow Entertainment Group launched in 2010 with the backing of Germany’s ProSiebenSat.1 and has continued to grow its portfolio at a rapid clip. Today, the acquisition of a majority stake in New York-based indie TV producer Left/Right brings to 18 the total number of production companies it owns in nine territories. Founded by Banks Tarver and Ken Druckerman in 2005, Left/Right is behind such shows as VH1’s Mob Wives, HGTV’s Home By Novogratz and Showtime’s This American Life. Tarver and Druckerman will continue to run the company, Jan Frouman, managing director of Red Arrow, tells Deadline. “We try to refrain from micromanaging”, he says, “We like each company to have its own face and name”. Frouman says the deal with Left/Right is “the most significant acquisition in size that we’ve done to date”. It’s Red Arrow’s third Stateside deal following majority acquisitions of Kinetic Content in 2010 and Fuse Entertainment in 2011.
Left/Right’s Druckerman says, “When Banks and I started we had a vision as a boutique company; smaller than how we are 7 years later”. But the duo’s success made it “a logical next step to find an international partner”, with an independent spirit. Tarver tells me Left/Right has “a really special culture in the office” that makes it possible to be “crazy eclectic. It takes a special larger creative collective to help us grow and make us bigger and more dynamic”. Among Left/Right’s recently announced new projects are a Maria Menounos docuseries for Oxygen and a look at eel fishermen for Animal Planet. There are also plans to explore new opportunities in scripted programming and “other new areas”. Frouman adds that the next focus is on “finding ways to roll out Left/Right productions all over the world.” Left/Right is repped by WME.
Subscribe to Deadline Breaking News Alerts and keep your inbox happy.