BERLIN — In its efforts to expand into family entertainment, Germany’s Constantin Film has acquired a 25% stake in animation studio Hahn Film.
The deal also leaves Constantin with a five-year call option for a further 26% of the Berlin-based toon outfit.
While Constantin sees a chance to increase its children’s fare, Hahn Film sees the new partnership as a chance to tackle the international market.
“Our new partnership with Constantin will allow us to get bigger budgets, better financing and international rights,” company chief Gerhard Hahn said. “With Constantin on board, we’ll be able to produce projects with the necessary quality for the international market. You can’t make an animated film for international release for less than DM 10 million ($5.2 million),” Hahn added.
Hahn Film has been behind the popular “Werner” and “Asterix” animated pics. The company also produces a number of TV toon series, such as “Benjamin Bluemchen,” “SimsalaGrimm” and “Renaade.”