Germany’s Red Arrow International and Patrick Milling-Smith and Brian Carmody’s U.K.-based production and talent company, Smuggler, have launched Cove Pictures. The new TV production company will produce high-end drama and comedy as well as blue-chip factual programes for the international market. Red Arrow will hold a minority stake in the company and will distribute Cove Pictures projects internationally. Cove Pictures has also secured a creative alliance with Michael Wilson and Barbara Broccoli’s Eon Productions. Heather Rabbatts will serve as managing director of Cove.