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…
Unlike some of their less fortunate fellow German film firms, distribs Helkon and Splendid posted positive results Friday.
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…
Constantin topper Bernd Eichinger is stepping down from his corporate management seat to concentrate on film production amid company restructuring.
Government securities regulators are looking for evidence of illegal insider trading of German distrib giant Kinowelt stock before the release of the company's annual figures last week.
U.S./Dutch cable provider United Pan-Europe Communication (UPC) has confirmed it is negotiating for a possible stake in German cabler Primacom, but refused to comment on the possibility of a merger.
After finally increasing their 50% stake in Formula One marketing outfit SLEC to 75%, German media groups Kirch and EM.TV & Merchandising look like they may be forced to hand a 35% chunk to carmakers…