Events After the Reporting Period
Here, we report on events which were relevant between the end of financial year 2015 and February 22, 2016, the date of authorization of this report for publication and forwarding to the Supervisory Board. The publication date of the Annual Report 2015 is March 15, 2016. Apart from the events described below, no further reportable events materially impacting the earnings, financial position and performance of ProSiebenSat.1 Group or ProSiebenSat.1 Media SE have occurred.
Majority Interest in Dorsey Pictures (Orion Entertainment)
Red Arrow Entertainment Group acquired a 60.0 % share in the US production firm Dorsey Pictures (formerly Orion Entertainment) in January 2016. The investment and its subsidiaries have been fully consolidated and allocated to the Content Production & Global Sales segment since the acquisition. The company, based in Denver, is a leading US producer of non-scripted TV programs and branded entertainment offerings. The acquisition expands Red Arrow’s US production network with new program genres such as “outdoor adventure,” for which Dorsey is one of the world’s biggest producers. Dorsey is already Red Arrow’s seventh investment in the US.