Red Arrow Studios CEO James Baker is stepping down. ProSiebenSat.1, which owns the “Love is Blind” producer, revealed on Wednesday that Baker’s contract with the business, which r…
ProSiebenSat.1, which owns the “Love is Blind” producer, revealed on Wednesday that Baker’s contract with the business, which runs until the end of 2020, will not be renewed, marking an end to his 10-year tenure.
Following his departure, ProSiebenSat.1 will install an advisory board at Red Arrow Studios, comprising of Rainer Beaujean, chairman of the executive board and CFO of ProSiebenSat.1 Media SE; Wolfgang Link, member of the board and CEO of SevenOne Entertainment; and Henrik Pabst, chief content officer for SevenOne Entertainment.
Baker’s exit punctuates an unsettled period for Red Arrow, which ProSiebenSat.1 was looking to offload. The media giant launched a strategic review of the production and distribution division in September with the aim of selling it or forming a partnership with other potential investors.However, in February, ProSiebenSat.
It appears, however, that not all are in. Baker’s departure comes just weeks after an overhaul on the distribution arm of the business, Red Arrow Studios International, which saw Bo Stehmeier — who took over for Henrik Pabst in 2019 — leave to rejoin Off the Fence. Joel Denton stepped in as acting president earlier this month.
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