German TV giant ProSiebenSat.1 and James Baker, the CEO of its Red Arrow Studios production and distribution unit, will not renew his contract that runs until the end of 2020, the company said on Wednesday. "After 10 years with the business James has decided to leave Red Arrow Studios," it said.
Following his departure, ProSiebenSat.1 will set up an advisory board at Red Arrow Studios, which will include Rainer Beaujean, chairman of the executive board and CFO of ProSiebenSat.1 Media, Wolfgang Link, a member of the board and CEO of SevenOne Entertainment, and Henrik Pabst, chief content officer of SevenOne.
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