Berlusconi’s Fininvest parting with Medusa

Mediaset buys film co.

MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset.

Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report.

Medusa has recently replaced Vittorio Cecchi Gori’s group as Italy’s leading film producer, distribber and exhibber.

Medusa has three divisions (films, home-video and theaters) and in 2001 its revenues reached 200 million euros.

The in-group sale is aimed at strengthening Mediaset and creating synergies with the TV and home video activities of the company.

The Milan Stock Exchange reacted negatively to the report Thursday; traders fear the acquisition would benefit Fininvest rather than Mediaset.

More Biz

  • Sumner Redstone

    Sumner Redstone's Ex-Girlfriend Fights With Nurse For Access to Secret Tapes

    MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset. Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report. Medusa has […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset. Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report. Medusa has […]

  • Paul Haggis Lawsuit

    Paul Haggis Hit With Lawsuit for Alleged Rape, Claims a $9 Million Shakedown

    MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset. Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report. Medusa has […]

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset. Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report. Medusa has […]

  • Warner Music Group Logo

    Warner Music Taking Disciplinary Action Against Exec VP Jeff Fenster for Sexual Harassment

    MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset. Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report. Medusa has […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    MILAN — Media mogul and premier Silvio Berlusconi’s personal holding company Fininvest is selling its film company Medusa to its majority-owned broadcaster Mediaset. Rumors of the deal have been circulating in financial and media circles and was reported Thursday by financial newspaper Sole 24 Ore. Neither Fininvest nor Mediaset commented on the report. Medusa has […]

More From Our Brands

Access exclusive content