Mandalay Pictures and stakeholder Lions Gate are in advanced negotiations with German financing entities — KC Medien and Cine-Artists — to form a new motion picture company that could be taken public as early as this fall.
A person familiar with the talks said that the newly forming entity would likely be traded on the Neuer Markt — the German version of the Nasdaq — though it’s not yet clear what percentage Mandalay might take in the venture. A source familiar with the talks said that it would be “substantial.”
KC Medien is a one of the largest media funds in Germany. It was formed in 1996 by Teuton media baron Rolf Deyle and Kapital Consult’s Walter Fink to raise funding from private German investors for film projects and acquisitions at Cappella Films.
Cine-Artists, also a Teutonic film finance company, KC Medien, and the Paramount-based Manadaly were all introduced in the summer of 1999, when all reached a deal to back Jean-Jacques Annaud’s “Enemy at the Gates.” The pic is currently lensing with Joseph Fiennes and Jude Law toplining.
Mandalay is also producing three pics simultaneously for equity partner Par: “The Score” with Robert De Niro and Edward Norton; Oliver Stone’s “Beyond Borders” with Kevin Costner and Meg Ryan; and most recently with co-producer Scott Rudin, “Zoolander” with Ben Stiller.
All three forthcoming films, and all previous Mandalay material (like the $100 million hit pic “The Legend of Sleepy Hollow”) would be included in the new IPO’d venture, according to one insider.