German media powerhouse ProSiebenSat.1 is bundling its eight production companies in Germany, the U.K., Denmark and Israel, along with its global distribution arm, under a newly established banner called Seven.One Studios.
The new entity will produce across all key genres for its own platforms as well as for external clients. In the future, there will be a clear focus within the German-speaking territories on content with young talent for the young target demographic.
The companies that will feed into Seven.One Studios include Cheerio Entertainment (Germany), Flat White Productions (Germany), Pyjama Productions (Germany), Redseven Entertainment (Germany), CPL Productions (U.K.), Endor Productions (U.K.), July August Productions (Israel), Snowman Productions (Denmark) and Germany and U.K.-based distribution arm Red Arrow Studios International.
Seven.One Studios will be managed by Henrik Pabst as CEO, Alexander Pesch as CFO and Martin Metzger as COO.
Pabst said: “The demand for content is only increasing. This makes it all the more important for cross-platform providers like ProSiebenSat.1 to have access to the right content and its development, including in-house production capacities.
“By founding Seven.One Studios, we are making ourselves more independent from the competitive German production market. Our European production houses, alongside our well-established Israeli production company, remains a vital part of our business. It is also clear: We will continue to spend a large part of our local budget on the third-party producer market. Likewise, our production companies will continue to operate freely on the market and work for external clients.”
More to come.