Splendid joins IPO bandwagon

German media co. looking for cash to expand

BERLIN — Splendid Medien has joined the IPO bandwagon and is heading for the stock market in October.

Like so many other German media companies of late, the Cologne-based licensing and production group is hoping for an injection of capital to boost its film library (currently at 400 titles), acquisitions and overall marketing.

In addition to a 49% stake in the Los Angeles-based Initial Entertainment Group, Splendid also owns Ascot Medien, Splendid Film and dubbing studios Splendid Synchron. The group had revenue of $16 million last year and had gross profits of $10.7 million.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading