Jörn Krieger ©RapidTVNews | 27-09-2011
ProSiebenSat.1 has acquired a majority stake in US production company Fuse, a move that could potentially lead to the production of TV series for the US audience based on a European format.
The Munich-based broadcaster will take over slightly more than half of the shares in US company Fuse, Red Arrow's managing director Jan Frouman told "Financial Times Deutschland".
Fuse produces series such as "Burn Notice" and "The Killing" and has a long-term contract with Fox Television. The step marks the first serious attempt by a German TV company to establish a foothold in the US series market and become a major player in the US production market from within the United States and not just export formats.
"What we've created here is optimal. We can develop series in partnership with a Hollywood studio," said Frouman. ProSiebenSat.1 hopes that it will be able to place European formats in the US market through Fuse.
Frouman declined to elaborate on the purchase price of the majority stake in Fuse, but he said that the deal was made at "reasonable conditions". The founder of Fuse, Mikkel Bondesen, will keep a share in the company and continue to head it, said Frouman.
ProSiebenSat.1 could expand its presence in the US market. The acquisition of further US production companies was possible, Frouman said.