Red Arrow Entertainment Group has tied up its second prodco acquisition today, buying a majority stake in the UK’s Nerd TV.
This comes after C21 broke the news that the ProSiebenSat.1 subsidiary has also bought into the Israeli formats creator behind the Still Standing format, July August Productions.
Factual entertainment and formats specialist Nerd launched two years ago and is lead by former Tiger Aspect executive producer Jago Lee and Raw ex-head of development John Farrar.
It currently has a “major order” in the bag from Discovery Networks, is working on other projects and has development deals in the UK, Germany, the US and France, according to Red Arrow.
James Baker and Joel Denton of Red Arrow UK will now oversee Nerd’s future plans. Co-MD Baker becomes Nerd’s chairman, replacing Survivor creator Charlie Parsons, who made the initial investment in Nerd in 2010.
Parsons 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.”
Red Arrow, which now has 18 production companies around the globe, last month bought stakes in Nerd’s fellow UK prodcos CPL Productions and Endor Productions. It already had a stake in Mob Film. Red Arrow Entertainment MD Jan Frouman hinted this latest deal could be the last in the territory.
“We didn’t have to spend much time with Jago and John to realise 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.”