‘Stopping Power’ lands German combo in the red

Internationalmedia posts net loss of $22.2 million

BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through.

The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million.

Internationalmedia said the poor showing was due to its exposure to “a continuously difficult situation in the market and challenges in connection with the cancellation of ‘Stopping Power.'”

It added that the financial impact of the pic’s termination amounted to nearly $10 million.

In January, David Bergstein, co-head of the Capco Group, backed by a group of investors, took a 57% stake in Internationalmedia. Capco had earlier acquired Internationalmedia’s foreign sales company IM Global.

More Film

  • Lena Waithe

    Lena Waithe Joins GLAAD, WME Panel on LGBTQ Inclusion in Hollywood

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

  • Amber Heard

    Amber Heard to Receive Maui Film Festival's Shining Star Award

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

  • Domestics

    Orion Classics Re-Launching With Kate Bosworth-Tyler Hoechlin's 'Domestics'

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

  • Halle Berry Anjelica Huston

    Halle Berry, Anjelica Huston Join 'John Wick: Chapter 3'

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

  • Dwayne Johnson & Dany Garcia

    Dwayne Johnson, Dany Garcia Invest in Atom Tickets (EXCLUSIVE)

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

  • Studio 54

    'Studio 54' Sells to Zeitgeist Films and Kino Lorber (EXCLUSIVE)

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

  • Jake Gyllenhaal Spider-Man

    Jake Gyllenhaal Eyed for Villain Role in 'Spider-Man: Homecoming' Sequel

    BERLIN — Producer-distrib Internationalmedia remained in the red in 2007 largely due to the cancellation of “Stopping Power,” junked when financing fell through. The Munich-based company and parent of L.A.-based Intermedia managed to narrow its net loss by 34% to E14.1 million ($22.2 million), while revenue dropped 34% to $47 million. Internationalmedia said the poor […]

More From Our Brands

Access exclusive content