Red Arrow Buys Into U.S. Producer Left/Right

MUNICH: Red Arrow Entertainment Group has strengthened its position in the U.S. production sector, acquiring a majority share of Left/Right, which is behind such series as VH1’s Mob Wives.

Left/Right has produced more than 300 hours of programming to date, including the TV adaptation of This American Life for Showtime, Home By Novogratz for HGTV and Small Town Security for AMC. Banks Tarver and Ken Druckerman, who founded Left/Right in 2005, will continue to lead the company going forward.

Jan Frouman, the group managing director of Red Arrow, said: "This is a really significant and exciting step for us. 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."

Druckerman, a co-founder and co-president of Left/Right, added: "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. We have been incredibly impressed with their professional approach, and their portfolio of production companies and like-minded producers."

Tarver, a co-founder and co-president of Left/Right, commented: "We are thrilled to join forces with Red Arrow, as it 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."