Since the launch of its first media fund a decade ago, Teutonic production fund Victory Media has produced TV fare at a profit to its investors.
"Charade" remake "The Truth About Charlie" and "Pay or Play" are the latest Hollywood products to be hawked to Teutonic investors as German film funds continue their investment spree in Hollywood.
German indie Edel Music has posted sales of DM 1.18 billion ($532 million) for 2000, up 162%, but with a loss $13 million, up from $9.2 million in 1999.
German broadcaster ProSiebenSat 1 is acquiring a 48% stake in German weblet TM3 for DM 131 million ($59 million).
Swiss-German producer/distribber Highlight Communications posted a near 38% increase in first quarter revenues to DM 67.9 million ($30.7 million). EBIT rose around 30% from $5.3 million to $6.9…
"Dances With Wolves" sequel "The Holy Road" will be one of the projects backed by Internationale Medien and Film's third film fund, the $132 million IMF 3.
Wolfgang R. Hofmann has been named new head of project and company financing at German producer/distrib VCL Film and Medien.
Bertelsmann has announced it is folding its Internet retailer BOL.com into its book and music club division, DirectGroup, and shutting down
German media company In-Motion has folded London-based J&M Entertainment into Myriad Pictures.
After an unsuccessful attempt to launch a springtime film fund in Germany, Grosvenor Park is getting ready to release a new open-ended blind fund that could raise between DM 150 million and DM 300…