Topper grabs more of IM

Schuermann garners 2 million shares from Bormann

BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann.

The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders.

IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a “commitment toward the company and its new strategic direction.”

Schuermann, who replaced Bormann in May, has sought to move the company toward less risky projects, including lower-budgeted genre movies and TV productions.

In addition to a multipic co-production pact with Kadokawa Pictures that includes thriller “One Missed Call,” company is co-producing a new TV series with Jay Firestone based on the FBI profiler pic “Mindhunters” as well as an action pic with Cologne, Germany-based producer Action Concept.

More Scene

  • Common Would Support Oprah for President

    Common Says An Oprah Presidency Would Bring America Back to 'Compassionate Leaders' That 'Care About Human Beings' (EXCLUSIVE)

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

  • SAG Awards Prep

    Sneak Peek at 2018 SAG Awards Post-Show Gala

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

  • grace and frankie lisa kudrow

    Jane Fonda, Lily Tomlin Talk the Realities of Aging at ‘Grace and Frankie’ Season 4 Premiere

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

  • Sundance Parties

    Sundance 2018: The Insider's Party Guide

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

  • '12 Strong' film premiere

    '12 Strong': Chris Hemsworth Hopes Film Can Reduce 'Misconceptions' About Afghanistan

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

  • Guillermo del Toro, Greta Gerwig and

    Timothée Chalamet Says He'd Love to Work With Christopher Nolan or Guillermo del Toro

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

  • Tracee Ellis Ross

    Tracee Ellis Ross at Image Makers Awards: 'Clothing Started as Armor for Me'

    BERLIN — Martin Schuermann, CEO of Intermedia parent IM Internationalmedia, has acquired a 6.3% share in the company from former topper Moritz Bormann. The 2 million shares Schuermann obtained are approximately half of Bormann’s holding, making them the company’s biggest shareholders. IM said Wednesday it was planning further capital measures and called Schuermann’s acquisition a […]

More From Our Brands

Access exclusive content