Red Arrow Studios CEO James Baker to leave at end of 2020
Red Arrow Studios CEO James Baker is to step down at the end of the year after almost a decade with the ProSiebenSat.1-owned company.
The German outfit said that Baker, whose contract will not be renewed past 2020, will be replaced by an advisory board comprising of ProSiebenSat.1’s chairman Rainer Beaujean, CEO at SevenOne Entertainment Wolfgang Link, and Henrik Pabst, chief content officer at SevenOne Entertainment.
The existing Red Arrow Studios management team will report directly to the new advisory board, with the rejig “underlining ProSiebenSat.1’s strategy to focus on local and live entertainment in Germany, Austria and Switzerland in close cooperation with Red Arrow Studios.”
Beaujean: “Over the last 10 years James has developed and strengthened the operational performance of Red Arrow Studios – including an 18% growth in revenues in 2019 – and he has successfully driven the expansion of our German content ecosystem. We would like to thank him for his contribution to the business and wish him every success for the future.”
Baker added: “I have greatly enjoyed the last 10 years at Red Arrow Studios, working with talented people and creating exciting content around the world. Red Arrow Studios is in the good hands of my senior leadership team, and I wish everyone the very best.”