German media company ProSiebenSat.1 is looking for buyers for its international production subsidiary Red Arrow Studios.
Facebook will offer its users a wide-ranging catalogue of videos from German media group ProSiebenSat.1 on its video platform Facebook Watch.
German internet TV platform waipu.tv makes nine new video-on-demand (VOD) channels in HD quality available to its users.
James Baker has been appointed President and Chief Operating Officer (COO) of Red Arrow Studios, the global production network of German media company ProSiebenSat.1.
German media company ProSiebenSat.1 Group increased its revenues by 3% to €883 million in Q3 2017 (previous year: €857 million).
German broadcast group ProSiebenSat.1 has founded a digital media alliance with its European counterparts TF1 Group (France) and Mediaset (Italy).
A huge cultural shift among young viewers has led to the creation of Multichannel Networks (MCNs), according to Sebastian Weil, CEO, Studio71, ProSiebenSat 1 Media.