Red Arrow Entertainment Group has taken a 65% majority stake in Los Angeles-based independent production company 44 Blue Productions, the non-scripted production house that’s provided content for A&E, Animal Planet, CBS, Discovery Channel, E!, HBO, Lifetime and MSNBC, among other broadcast and cable networks.
In a statement from the companies, the acquisition was called “a further strategic investment for Red Arrow to broaden its factual entertainment portfolio and grow its presence in the US.” With the acquisition of 44 Blue, Red Arrow has nine U.S.-based companies in the group.
44 Blue’s current slate includes A&E’s Wahlburgers and Nightwatch, E!’s Hollywood Medium with Tyler Henry, Animal Planet’s Pit Bulls & Parolees and MSNBC’s Lockup. The house has partnerships with Mark Wahlberg, Donnie Wahlberg, Whoopi Goldberg, Dick Wolf, Dwayne “The Rock” Johnson, Bishop T.D. Jakes, Melissa Joan Hart, and Jennifer Garner.
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“Our partnership with Red Arrow immediately unlocks global distribution and access to the kind of scale that will allow us to leverage our formats and expand our storytelling to new audiences around the world,” said Rasha Drachkovitch, co-founder and CEO of 44 Blue.
“We’re looking forward to continuing to create top-notch content with one of the industry’s global leaders and accelerate our innovation in areas such as digital and virtual reality,” said Stephanie Noonan Drachkovitch, co-founder and president of 44 Blue.
Jan Frouman, Chairman & CEO of Red Arrow Entertainment Group, said: “This partnership offers us expanded access to A-list talent and premium factual and reality TV content.”
44 Blue is represented by William Morris Endeavor. Ron Milkes and Bryan Bowles of Bryor Media Partners and Matt Thompson of Sidley Austin LLP advised 44 Blue on the transaction. Red Arrow was advised by Stella Capital Advisors and Milbank.
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