Munich– Red Arrow Entertainment Group has acquired a majority stake in Karga Seven Pictures. As part of the transaction, Karga Seven has entered into a worldwide distribution deal with Red Arrow’s sales arm, Red Arrow International. This marks the latest step in Red Arrow’s rapid and ongoing expansion in the U.S. production market.
Although based in Los Angeles, Karga Seven also benefits from strong ties to the Turkish TV market and has offices in Istanbul. Since launch, Karga Seven has produced more than 300 hours of non-scripted and scripted programs, and will continue to be led by Wetherbee, Sahin and McPherson.
Stella Advisors acted as financial advisor to Red Arrow on the transaction. Karga Seven Pictures was represented in the transaction by Bryan Bowles and Ron Milkes of Bryor Media Partners.