BERLIN — Helkon Media co-founder Martin Heldmann and board member Mark Ramakers said Wednesday that the German company, which was rocked by the sudden death of co-founder Werner Koenig on Sunday, has taken measures to ensure its future.
In a statement, Helkon said Markus R. Reischl, head of daughter company Kinofilm, would assume immediate responsibility for production and distribution on a national level. Marcus Rosenmuller, co-founder of Koenig’s first company, Me, Myself & Eye, is assuming responsibility for the creative implementation of national productions.
Christian Halsey Solomon, head of Helkon’s U.S. dependency Helkon Intl. Pictures, has been put in charge of both production and distribution on an international level. Company said the implementation of international projects would remain in the hands of Helkon associated producers and its subsid, Newmarket Capital.
Helkon’s U.S. production partners include Chuck Roven, Joel Silver, Peter Hoffman, Joe Singer, and Warren Zide and Craig Perry.
Company owns a 51% in Newmarket Capital and in the U.K.’s Redbus Film Distribution. It has output and multipicture deals in place with Eagle Pictures in Italy and with TriPictures in Spain.
“The principle of shared responsibility that Helkon has practiced for several years was implemented not only in the signing of contracts but also in contract negotiations and contract management,” the company said in the statement. “This is an integral element of Helkon’s management approach, which is strongly based on the sharing of contracts and responsibilities.
“This means that all vital contacts are, and remain, anchored within the company.”
Projects that Helkon is involved in include “Rat Race,” Zide/Perry’s “Repli-Kate” and John McTiernan’s “Rollerball.”
Company said it expects revenues this year of DM318 million ($144 million). Shares closed down 13% on Thursday at 14.80 euros ($12.62).