BERLIN — The ProCon Pictures joint venture between Germany’s Constantin Film and U.S. production company Propaganda Films has ended, but the relationship between the two companies remains very much in place, according to Thomas Friedl, Constantin’s head of distribution and marketing.
ProCon was set up as a two-year joint enterprise “and we have simply chosen not to extend it,” Friedl told Daily Variety.
Propaganda is looking for investors and offered Constantin a stake, which the Munich-based producer-distrib turned down.
“We would prefer to invest directly into co-productions or joint ventures rather than U.S. film companies,” Friedl said, adding that the relationship had been fruitful and joint projects would continue.
“We don’t necessarily need a joint company to continue doing co-productions and joint projects. We have very high regard for the people at Propaganda.”
Companies have a number of pics in development, including English-lingo remakes of local Constantin hits “Der Bewegte Mann” (Maybe, Maybe Not) and last year’s “Harte Jungs” (Just the Two of Us).