You will be redirected back to your article in seconds

German’s L.A. play

Helkon takes 19% stake in Newmarket funder

BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital.

The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market.

In addition, Helkon now has the opportunity to tap into the big Hollywood leagues through Newmarket’s network of partners, which includes Lawrence Bender, John Wood and Terence Chang, Neil Moritz and Team Todd.

Newmarket and Bender are currently developing “The Mexican,” which is out to Johnny Depp for the lead role.

Aggressive strategy

The acquisition is in line with Helkon’s aggressive pursuit of U.S. partnerships. The company has steadily built up relationships with an assortment of outfits, including Seven Arts, Dark Castle, Intermedia and Ed Pressman.

Since its launch in 1994, Newmarket has funded and developed a slew of projects with players such as Neil Moritz and his Sony-based Original Pictures, with which Newmarket has a development deal.

Newmarket also has a financing and joint production venture with filmmaker Christopher Nolan, who helmed “Memento,” a co-production with Team Todd. Woo and Chang will direct and produce “Mint Condition” for Newmarket as well.

Newmarket-backed titles include Universal’s upcoming “Skulls,” co-produced with Moritz, and the Mike Leigh-helmed “Topsy-Turvy” from Studios USA.

Teutons claiming stakes

The Newmarket deal is the latest splash from a wave of cash-flush Germans staking claims in North American outfits.

Rights trader Tele-Munchen earlier this month invested DM20 million ($10.5 million) in Lions Gate Entertainment. Kinowelt Medien acquired a significant stake in Canada’s Alliance-Atlantis late last year, and distrib Splendid took a 50% stake in Initial Entertainment Group.

Newmarket was founded by ex-Daiwa bank execs William Tyrer and Chris Ball. Helkon was set up by producer Werner Koenig and partner Martin Heldmann, and the company went public in October 1999.

Helkon and Newmarket declined comment.

More Biz

  • Pink Slime ABC News

    Disney Takes Insurer AIG to Court Over 'Pink Slime' Defamation Settlement

    BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital. The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market. In addition, Helkon now […]

  • Which Pop Culture Halloween Costume Would

    Poll: Which Pop Culture Halloween Costume Would You Wear This Year?

    BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital. The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market. In addition, Helkon now […]

  • Alyssa Milano

    Alyssa Milano on #MeToo Campaign: 'I Wanted to Take the Focus Off the Predator'

    BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital. The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market. In addition, Helkon now […]

  • Harvey Weinstein

    Harvey Weinstein Resigns From Weinstein Co. Board as Company Struggles to Survive

    BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital. The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market. In addition, Helkon now […]

  • Bob Greenblatt NBC

    Robert Greenblatt on the Importance of Speaking Up and Making Voices Heard

    BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital. The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market. In addition, Helkon now […]

  • America Ferrera32nd Annual Imagen Awards, Arrivals,

    America Ferrera Recounts Her Sexual Assault: 'I Was Nine Years Old'

    BERLIN — Upstart German film player Helkon Media has scored a coup by buying a 19% stake in L.A.-based boutique financier Newmarket Capital. The deal, expected to be announced today, is understood to give the German licensing, production and distribution outfit the option to acquire Newmarket product for the German market. In addition, Helkon now […]

More From Our Brands

Access exclusive content