ProSiebenSat.1 singles out Left/Right as growth driver

Germany-based broadcaster ProSiebenSat.1 has seen profits at its international Red Arrow Entertainment unit grow thanks to its purchase of US prodco Left/Right.

mob_wives_425Red Arrow acquired a majority interest in Mob Wives producer Left/Right last year, as one of number of acquisitions it has made since inception in 2010.

The producer “made an important contribution to [second quarter 2013] revenue growth” of 42.2% – or €25.4 million (US$33.7 million) compared with €17.9 million for the same period in 2012. Half-year Red Arrow revenue grew 74.7% YOY to €50.4 million. However, it didn’t break out figures for the prodco alone.

ProSiebenSat.1 also pointed to the French adaptation of SAT.1 series Der Letze Bulle and ITV’s remake of Benidorm Bastards, Off Their Rockers as key shows for Q2.

ProSiebenSat.1’s overall revenue for the second quarter was €624.8 million, up from €561 million in 2012, with earnings before interest, taxation, deprecation and amortisation of €197.6, up €30.5 million YOY.

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