You will be redirected back to your article in seconds

Economy ruins ZDF theme park plan

Schaechter: Co. to focus on p'gramming, development

COLOGNE — German pubcaster ZDF has abandoned plans to build a media theme park near its headquarters in Mainz that was projected to cost $140 million.

ZDF topper Markus Schaechter said the economic climate did not allow for the realization of such a project and that the web did not want to tie up funds in long-term investments.

“ZDF needs to use its means for programming and development of its operative structure,” he said.

The idea of a ZDF family theme park had been around since the late 1990s, and the pubcaster had successfully jumped through political hoops to get the necessary permits.

But ZDF and sister pubcaster ARD have increasingly come under fire for widening their activities beyond broadcasting and challenging their commercial rivals on various fronts.

Pubcasters operate in relative financial safety due to support from state funds and to compulsory monthly fees paid by every TV set owner.

More Biz

  • Dana Spector Joins CAA

    Dana Spector Joins CAA

    COLOGNE — German pubcaster ZDF has abandoned plans to build a media theme park near its headquarters in Mainz that was projected to cost $140 million. ZDF topper Markus Schaechter said the economic climate did not allow for the realization of such a project and that the web did not want to tie up funds […]

  • ALLENTOWN, PA - SEPTEMBER 08: Elton

    Elton John and Universal Music Announce New Multi-Level Agreement

    COLOGNE — German pubcaster ZDF has abandoned plans to build a media theme park near its headquarters in Mainz that was projected to cost $140 million. ZDF topper Markus Schaechter said the economic climate did not allow for the realization of such a project and that the web did not want to tie up funds […]

  • Sarah Jessica Parker Gap

    Sarah Jessica Parker Unveils Second Collaboration With Gap

    COLOGNE — German pubcaster ZDF has abandoned plans to build a media theme park near its headquarters in Mainz that was projected to cost $140 million. ZDF topper Markus Schaechter said the economic climate did not allow for the realization of such a project and that the web did not want to tie up funds […]

  • Women in Hip-Hop Industry Get the

    Women in Hip-Hop Industry to Get the Spotlight at A3C Conference

    COLOGNE — German pubcaster ZDF has abandoned plans to build a media theme park near its headquarters in Mainz that was projected to cost $140 million. ZDF topper Markus Schaechter said the economic climate did not allow for the realization of such a project and that the web did not want to tie up funds […]

  • Streaming Placeholder

    RIAA Issues Bullish Mid-Year Report: Revenue Up 10%, Streaming Now 75% of Total

    COLOGNE — German pubcaster ZDF has abandoned plans to build a media theme park near its headquarters in Mainz that was projected to cost $140 million. ZDF topper Markus Schaechter said the economic climate did not allow for the realization of such a project and that the web did not want to tie up funds […]

More From Our Brands

Access exclusive content