German media outfit Tele Munchen Group bested 1999's record sales figures by 2% in 2000 with revenues of DM424 million ($194 million). Company also had a pre-tax windfall of $158 million from the…
Automakers have again warned they intend to set up a motor racing circuit rivaling Formula One to keep the sport off pay TV.
Merger talks with EMI are going smoothly, according to Bertelsmann prexy Thomas Middelhoff, who added that the German media giant was getting into shape for a public listing in the next few years.
Unlike some of their less fortunate fellow German film firms, distribs Helkon and Splendid posted positive results Friday.
German film group Senator Entertainment saw a 72% increase in revenues for fiscal year 2000 to DM 211 million ($96 million), but the company's net profits for 2000 were $1 million, slashed from the…
Kirch Media is reportedly looking to take a stake in Russian broadcaster TV-6. If deal closes, it will be the first foreign media company in Russia's TV market.
Germany's Advanced Medien has upped its stake in Wolfgang Petersen's Red Cliff Prods. from 49% to 51%.
Studio Babelsberg is looking to launch two investment funds to bankroll U.S. and European pics. Company execs said a $224 million fund will be set up with an unnamed major U.S. independent producer…
Germany's EM.TV has sold a 24.5% stake in Formula One holding outfit SLEC to media giant Kirch for DM1.3 billion ($586 million), taking a major step toward digging itself out of debt.
Frank Woessner has stepped down from the top post at Bertelsmann's book division, but he'll have plenty to do at German film group CoproMedia, which is revamping for a more aggressive international…