Private investments thriving
BERLIN — Leading kidvid outfit EM.TV & Merchandising and the German media funds Victory Media Group are to co-produce 100 series over the next five years, backed by private German financing.
For the next five years, an annual animation fund of DM100 million ($53 million) will be offered to investors.
“We are pleased to have found in Victory a renowned co-production partner with whom we can realize this amount of productions,” said EM.TV honcho Thomas Haffa.
The financing is yet more confirmation that private German funds are continuing despite a threatening new tax law passed earlier this year.
After a quiet period following the ruling, several new avenues of funding have been announced recently. Private funds are estimated to have raised around DM4 billion ($2.1 billion) this year alone. The industry is lobbying for an exception to the law in favor of the media funds sector.