Former Bertelsmann exec Frank Woessner has taken over majority ownership of German film group CoproMedia.
Woessner, who had been company’s supervisory board chairman, acquired the majority stake from former parent KC Holding, which is focusing on its core real estate business. CoproMedia is a management holding company that owns CP Intl. Film Prod., investment fund CP Medien and Los Angeles-based Capella Films.
CP Medien has bankrolled a slew of pics in recent years, including “Asterix & Obelix: Mission Cleopatra,” Bertrand Tavernier’s “Laissez-passer” (Safe Conduct), “The Lady and the Duke,” Martin Campbell’s “Beyond Borders” and Constantin Costa-Gavras’ “Amen.”
Company, which launched its first film fund in 1996, has partnered with the likes of Mandalay Pictures, Pathe, StudioCanal, Lions Gate and UIP. CoproMedia execs say that the firm hopes to expand its co-production of internationally marketable films. Woessner will remain as supervisory board chairman of the privately held group, which is headed by Roland Pellegrino.