BERLIN — Germany’s Tele Munchen Group has bought terrestrial and pay TV rights to five films from Intertainment, including Bruce Willis-starrer “The Whole Nine Yards” and “The Art of War” with Wesley Snipes.
Other titles include “Things You Can Tell Just By Looking at Her,” starring Cameron Diaz and Glenn Close, comedy “Camouflage” and hacker thriller “Takedown.”
Although TMG recently launched a new German web, Tele 5, managing director Bernd Schloetterer said the films would probably be sold to other broadcasters.
Schloetterer, who declined to reveal the purchase price, said paybox Premiere remained a viable business partner for the pics’ pay TV rights even though its majority shareholder, Kirch Pay TV, was bankrupt.
He added, however, that TMG might hold on to the rights in case it decided to launch its own pay channel.
The deal is good news for Intertainment, which has been dogged by financial difficulties due to its legal battle with Franchise Pictures.
Intertainment is suing Franchise for allegedly inflating budgets on 10 films by $100 million. The two companies had inked a coproduction deal in 1999. Intertainment blamed first-quarter losses of f2.59 million ($2.52 million) on litigation.