BERLIN — More German stock coin is being pumped into the North American production industry.
Germany’s second-largest rights trader, Tele-Munchen — backed by its new partner, the kidvid company EM.TV & Merchandising — has emerged as the lead investor, putting up DM20 ($10.5 million) of the $16.9 million pumped into Lions Gate Entertainment by a group of buyers last week.
The children’s programming star EM.TV in a statement issued Wednesday said the move has brought it closer toward its global goal, and aided its new ambitions in the film market. “This move underlines the strategic value of our partnership with TMG,” Thomas Haffa, CEO of EM.TV, said. “With its network of international contacts, TMG is playing a decisive role in bringing us toward our goal of becoming a global player much quicker than expected in all areas of the film business.”
Both companies are looking to make the most of Lions Gates distribution channels for their own programming. TMG founder Herbert Kloiber will become a member of the Lions Gate board.
EM.TV, which is a highly successful listed company specializing in kids’ programming, acquired a 45% in TMG late last year.