North Road completed the acquisition of the US operations of Red Arrow Studios from ProSiebenSat.1 for $310m.

North Road, a media company, completed the acquisition of the US operations of Red Arrow Studios, a creator and distributor of entertainment content, from ProSiebenSat.1, a media company, for $310m. “Our US production companies have created successful and popular TV brands in the US market, but do not strengthen our strategy in the German-speaking region in the long term. For North Road, they will make a significant contribution. We wish them all the best for this and thank them very much for our time together," Rainer Beaujean, ProSiebenSat.1 CEO.