Red Arrow Entertainment Group today announced the acquisition of a majority shareholding in Left/Right, a multi award-winning independent TV production company. Founded in 2005 by Banks Tarver and Ken Druckerman, Left/Right has grown to become one of the most successful production companies on the East Coast.
Banks Tarver and Ken Druckerman, who will continue to lead the company going forward, have spent numerous years in factual and reality TV production. Banks developed and oversaw the hit factual series True Life for MTV and supervised and produced many of MTV's pro-social documentaries while on staff at MTV. Ken worked on critically acclaimed factual series and feature documentaries such as Frontline (PBS), while also producing and directing reality shows for networks such as A&E and Discovery.
Ken and Banks are supported by a strong management team, including SVP and Head of Production Kevin Vargas (who has been with the company since its inception), SVP and Head of Development Anneka Jones (previously with MTV's News & Docs division), SVP and Head of Current Production Nina Diaz (show runner on Mob Wives and creator of hit series such as My Super Sweet 16 and Cribs), and Head of Post Production, Mike Mezaros (who handles all aspects of the company's advanced editorial workflow).
Jan Frouman, Group Managing Director of Red Arrow, said: "This is a really significant and exciting step for us. Not only have Ken and Banks proven themselves to be a 'rock-star' team - but we are also dramatically expanding our presence in the US. The deal has all the elements we prioritize: great people, a key territory, a stellar track record, and a strong group fit."
Ken Druckerman, Founder & Co-President of Left/Right, added: "We had been looking for an international partner who could help Left/Right with its desire to expand internationally, and we could not have found a better partner than the Red Arrow group. We have been incredibly impressed with their professional approach, and their portfolio of production companies and like-minded producers."
Banks Tarver, Founder & Co-President of Left/Right, said: "We are thrilled to join forces with Red Arrow, as it allows us to `globalize´ our approach to the television marketplace, and to develop and produce new ideas and formats from around the world. The partnership will strengthen our core unscripted television business, while presenting us with a platform to develop new opportunities in scripted television and other new areas as well."
Left/Right was advised by About Corporate Finance, specialist investment bank advisors to the TV production industry.