LONDON — Intermedia has put the German rights to its slate back on the market after agreeing to terminate its output deal with Helkon, resolving a bitter dispute that stretches back more than a year.
Move means such high-profile pics as “K-19,” “K-PAX,” “The Quiet American” and “The Plague Season” are up for grabs in Germany at a time when many Teutonic indies are severely short of cash after the bursting of the Neuer Markt bubble.
Intermedia, which has yet to announce the cancellation of its Helkon deal, refused to comment, but German buyers at the London Screenings confirmed that they were being offered the pics.
Helkon could not be reached for comment.
Intermedia and Helkon first clashed over the terms of the output deal early last year. Helkon had agreed to pay 9% of the budget, but the Neuer Markt boom had since driven the standard price for German rights up to between 15% and 25%.
Intermedia wanted out of the deal in order to get a better price elsewhere, claiming that the agreement had already overrun its intended lifespan. Helkon would have none of it.
In the end, the two companies agreed to dissolve their deal. The last Intermedia movie that Helkon released was “The Wedding Planner.”