COLOGNE — Media company Advanced Medien plans to take over Telcast, a pioneering 3-D technology producer which supplies footage from around the globe.
Advanced Medien has secured an option to lift its stake to 51% for E5 million ($6.7 million), with the intention of becoming full owner by the end of the year.
Advanced wants Telcasts EarthTV, a network of remote-controlled cameras in 60 locations around the globe that provides the backdrop for info on various subjects.
According to Advanced, Telcast’s “LIVEonEarth” satellite programs can be received by 1 billion people in 160 countries. In Germany, it is licensed to RTL TV and news subsidiary N-TV.
Advanced was among many German film and TV rights dealers that saw their demise in the downfall of the Neuer Markt stock market in 2001-02.
Company reinvented itself last year with the acquisition of Atlas Air Film + Media Service, taken over from Kinowelt.
Besides “LIVEonEarth,” Telcast provides 3-D TV technology to customers including the BBC, TF1 and Discovery Channel.
The company just reported a deal with Dubai-based Al Aqarija (the Real Estate Channel) for its Earth TV bouquet.