×

Intermedia, Pacifica cap merger, plan IPO

Duo to expand into music publishing, TV and 'Net ventures

LONDON — Intermedia Films and Pacifica have completed their merger, and confirmed plans for an IPO on the German stock exchange later this year.

A new Munich-based holding company, Intermedia AG, has been created as the parent of both Intermedia and Pacifica, which will retain their separate operating identities.

Together they plan to expand into music publishing, television and Internet ventures, as well as building upon their core business of financing, producing and distributing feature films.

Board named

Intermedia’s Guy East and Nigel Sinclair will sit on the board of directors alongside Pacifica’s Moritz Borman.

Borman also joins East and Sinclair as co-chairman of London-based Intermedia Films, while remaining as president of Pacifica. Pacifica is backed by International Media Fund, a German equity financier that will continue exclusively to back films for the new Intermedia.

The merger, first reported earlier this year, grew out of the existing partnership between Pacifica and Intermedia on pics “Where The Money Is,” “Clay Pigeons” and “The Wedding Planner.” These pics were produced and financed by Pacifica, and sold worldwide by Intermedia.

The new combined company will have offices in Los Angeles, London and Munich.