Munich-based Red Arrow Entertainment Group has bought a majority stake in New York-based independent production company Left/Right, for an undisclosed sum.
Best known for the VH1 reality series Mob Wives, Left/Right was founded in 2005 by Banks Tarver and Ken Druckerman, who will continue to run the company, and has produced more than 300 hours of TV programming. Its production slate includes the TV adaptation of radio series This American Life for Showtime, Home By Novogratz for HGTV and Small Town Security for AMC.
The move furthers Red Arrow’s expansion into unscripted television production and the United States market. Earlier this year, it acquired the UK-based indies CPL Productions and NERD TV, as well as Israel-based July August Productions. The addition of Left/Right means there are now 18 prodcos in nine territories under the Red Arrow Group umbrella.
“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,” said Tarver in a statement. “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.”
“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.,” added Jan Frouman, Red Arrow’s group MD.