BERLIN — German media group Constantin Film has reaped DM90.2 million ($43 million) from the sale of TV, video and DVD rights to a number of local major TV players.
Buyers include Kirch Media and its network SAT.1, pubcaster ZDF, media group VCL and BMG Video.
Company made some $36 million from free and pay TV rights to TNT’s adaptation of Marion Zimmer Bradley’s “The Mists of Avalon,” plus U.S. box office hit “American Pie,” local favorite “Crazy,” as well as “Vera Bruehne” and TV crime series “Rosa Roth.”
VCL and BMG put up about $7 million for video and DVD rights to such films as “Keeping the Faith,” “Mission to Mars” and the upcoming Jude Law starrer “Enemy at the Gates.”
Deals will mean rosy numbers for the company’s next two fiscal years, said Constantin execs, who expect gross profits of at least $5.7 million and revenues of around $98 million this year.
The license periods for video and DVD rights will start six months after the theatrical release of the films, while TV rights go into effect six to 24 months after pics’ local releases.