Red Arrow Entertainment Group acquires majority interest in NERD

Munich (ots) - Red Arrow Entertainment Group today announced the
acquisition of a majority shareholding in UK production company NERD
TV.

NERD was founded in 2010 by industry-leading executives Jago Lee
and John Farrar. They rapidly built an impressive reputation for
creativity under the Chairmanship of Charlie Parsons, whose company,
Charlie Parsons Creative, made the founding investment.

NERD specialises in factual entertainment and factual formats for
the UK and international markets. Previously, Farrar and Lee ran
teams at more than half a dozen UK independent production companies,
including Tiger Aspect, Talkback Thames, Raw and Diverse. The company
has a number of ongoing projects, including a major order from
Discovery Networks and development deals in the UK, US, Germany and
France.

NERD joins a dynamic and growing group of 17 production companies
under the Red Arrow Group umbrella, among them leading UK
entertainment producer CPL Productions. NERD's formats and finished
shows will be distributed by Red Arrow's global sales company,
SevenOne International. Red Arrow UK Managing Directors, Joel Denton
and James Baker, will oversee NERD's future plans with Baker taking
over as Chairman of the company.

Group Managing Director of Red Arrow, Jan Frouman, said: "We
didn't have to spend much time with Jago and John to realize that
they are exceptionally talented creators and producers. Their ideas
are fresh, forward-thinking and exactly what we were looking for to
round out our UK presence. We couldn't be more pleased about getting
this deal done."

Charlie Parsons, whose company Charlie Parsons Creative
specialises in finding and nurturing media talent, said: "I'm
delighted that my first TV production company investment has paid
off. John and Jago are very talented and I've enjoyed working with
them. It proves when you create the right team, you can really go
places."

NERD founders Farrar and Lee added: "We feel we've found a perfect
match for the company in Red Arrow's youthful, ambitious team with
their strong emphasis on creativity and quality, and their
intelligence-driven approach to distribution."

About Red Arrow Entertainment Group Launched in January 2010 as a
ProSiebenSat.1 Group company, Red Arrow combines a dynamic and
growing group of 17 TV production companies spanning 9 countries, and
leading programme distribution house SevenOne International.

For more information about Red Arrow Entertainment Group, please
visit: www.redarrow.tv

For more information about NERD, please visit: www.nerdsite.co.uk

Contact:

Stefanie Prinz
Medienallee 7
D-85774 Unterföhring
Tel. +49 [89] 95 07-1199
Fax +49 [89] 95 07-91199
E-Mail: Stefanie.Prinz@ProSiebenSat1.com