Producers at Work to break away from ProSiebenSat.1
Jörn Krieger | 19-12-2013
German TV production company Producers at Work will act as an independent company in future. TV group ProSiebenSat.1 will sell its 74.9% stake to producer Christian Popp who previously held 25.1% of the shares.
From 1 January 2014, Popp will be the sole shareholder of the production company founded in 2005 and specialising fictional TV entertainment. The 100% subsidiary Magic Flight Film headed by Christian Rohde will continue to operate under the roof of Producers at Work as an independent movie production company.
With the move, ProSiebenSat.1 production subsidiary Red Arrow Entertainment Group will focus more closely on the markets US and UK. Red Arrow group which grew strongly through acquisitions in the past years contains 19 production companies in nine countries.