“We have now closed the process for the strategic review of Red Arrow Studios as various options we were evaluating are no longer viable in a coronavirus crisis environment,” a ProSiebenSat.1 spokesperson told industry publication Deadline.
“We strongly believe in the business. It posted a record 2019. Love is Blind is the smash hit on Netflix to just name one of our great line-up. We have a great team. And we are all in and will remain so.”