German kidvid shingle EM.TV secures coin

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.

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: Logo

You are commenting using your 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 TV News from Variety