Red Arrow Studios CEO James Baker has decided to leave the company when his contract concludes at the end of 2020.
Following his departure, ProSiebenSat.1 will install an advisory board at Red Arrow Studios, comprised of Rainer Beaujean, chairman of the executive board and CFO of ProSiebenSat.1 Media; Wolfgang Link, member of the board and CEO SevenOne Entertainment; and Henrik Pabst, chief content officer of SevenOne Entertainment. The existing Red Arrow Studios management team will report directly to the new advisory board.
Beaujean said: “Red Arrow Studios is a successful international content production and distribution company, and therefore an important part of ProSiebenSat.1. Over the last ten years, James has developed and strengthened the operational performance of Red Arrow Studios—including an 18 percent growth in revenues in 2019—and he has successfully driven the expansion of our German content ecosystem. We would like to thank him for his contribution to the business and wish him every success for the future.”
Baker added: “I have greatly enjoyed the last ten years at Red Arrow Studios, working with talented people and creating exciting content around the world. Red Arrow Studios is in the good hands of my senior leadership team, and I wish everyone the very best.”