Kinowelt nabs 10% of VOD biz

MedianetCom to go public this summer

BERLIN — Kinowelt Medien has acquired a 10% stake in video-on-demand outfit MedianetCom.

The move increases the Teutonic group’s wide ranging grasp on media outlets, which already includes film, TV, video and Internet distribution, and underscores the growing significance TV’s imminent merger with the ‘Net.

Marburg-based MedianetCom is set to start offering its cinema-on-demand to TV households throughout Europe by the end of the year.

MedianetCom, which is going public in summer, hopes to eventually offer several thousand feature films on its video-servers for downloading.

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