You will be redirected back to your article in seconds

Helkon banks on creditors

RTV under fire for $99 mil operating loss

COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks.

It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint.

Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came under fire from angry shareholders at an extraordinary meeting on Monday. Due to writeoffs on claims and film assets, RTV announced an operating loss of €101 million ($99 million) and revenues that halved to $16 million.

Another kidvidder, TV Loonland, announced an expansion into the U.K. home entertainment market. It lifted its stake in video/DVD distributor Metrodome Group from 30% to 54%. TV Loonland’s productions include “Yvon of the Yukon,” “The Cramp Twins” and “Little Ghosts.”

More Scene

  • Chanel x Tribeca Film Festival Women's

    Chanel's Tribeca Film Fest Luncheon Toasts to Women's Movements in Industry

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

  • Doug Davis Power of Law

    Doug Davis Discusses Using Music for a Cause at Variety's Power of Law Event

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

  • Ken Ziffren and Claudia EllerVariety Power

    Attorney Ken Ziffren Offers Sobering Take on Film Business at Variety's Power of Law Breakfast

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

  • 'The Handmaid's Tale'

    'The Handmaid's Tale' Cast, Creator Talk Season 2 in #MeToo Era, Expanding Gilead

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

  • Pamela Adlon Better Things

    Pamela Adlon: When 'Better Things' 'Stops Being Relatable Is When I Stop Doing My Show'

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

  • The Future She Built

    Inventor of the Inclusion Rider Discusses Why the Initiative Is Necessary at Panel

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

  • Diablo Cody, Charlize Theron and Jason

    'Tully's' Charlize Theron, Jason Reitman, Diablo Cody on Normalizing the Dark Side of Parenting

    COLOGNE — Bankrupt Helkon Media said Monday it has received funding to continue in business from its creditor banks. It intends to continue streamlining to focus on domestic film licensing following the sale Friday of its stake in TV licensing company Peppermint. Meanwhile, kidvidder RTV Family, which has left the Neuer Markt and narrowly escaped insolvency, came […]

More From Our Brands

Access exclusive content