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

  • 'Atlanta' TV show premiere

    'Atlanta Robbin' Season' Will 'Show What Makes the City Tick,' Producer Says

    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 […]

  • Mr Chow 50th Anniversary celebration

    Mr. Chow 50th Anniversary Party Draws Stevie Wonder, Heidi Klum & More Stars

    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 […]

  • Paley Center for Media presents They

    African-American Showrunners Talk Strides in TV Representation

    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 […]

  • 'Annihilation' film premiere

    'Annihilation' Star Jennifer Jason Leigh Responds to Whitewashing Accusations

    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 […]

  • Viola Davis Women in the World

    Viola Davis on #MeToo: 'If You're Dedicated to Change, Let It Cost You Something'

    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