Senator’s sale sealed after yearlong wait

Deatsche Bank finds as-yet-unknown buyer

BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer.

Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor.

Deutsche Bank, along with a group of investors, took over Senator last year in a debt buyout from a consortium of creditors headed by Bayerische Landesbank.

Kinowelt said it remained interested in Senator and would seek a minority stake in the company via the stock market, adding the two companies would fit well together since their activities and market positions are complementary.

Deutsche Bank has declined to comment on the deal.

In 2003 Senator enjoyed major hits with “The Miracle of Bern” and “Good Bye, Lenin!,” the latter produced and released by Senator subsidiary X Filme.

But massive writedowns on its film assets in 2004 pushed the company into insolvency, which led to the Deutsche Bank takeover of Senator’s $204 million debt as part of a restructuring deal.

More Scene

  • National Comedy Center Set To Open

    National Comedy Center Set To Open During Lucille Ball Fest

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

  • Carter Hudson, John Singleton, Angela LewisFX's

    John Singleton on Disney-Fox Deal: 'You Gotta Let FX Be What It Is'

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

  • Kevin Durant Lindsey Vonn

    Kevin Durant, Lindsey Vonn to Keynote Variety's Sports & Entertainment Breakfast

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

  • Cher and Meryl Streep'Mamma Mia! Here

    How the Cast of 'Mamma Mia! Here We Go Again' Geeked Out Around Cher

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

  • Demi MooreComedy Central's Roast of Bruce

    Demi Moore Appears as Surprise Guest at Bruce Willis' Comedy Central Roast

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

  • Outfest Filmmakers Get Political, Issue Call

    Outfest Filmmakers Get Political, Issue Call to Action on Opening Night

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

  • Bob Woodruff Foundation Acquires Veterans Org

    Bob Woodruff Foundation Acquires Veterans Org Got Your 6

    BERLIN — After more than a year on the block, Senator Entertainment is changing hands as Deutsche Bank last week settled on an as-yet-unknown buyer. Fellow producer-distrib Kinowelt was among the bidding parties, but company confirmed Friday that Deutsche Bank rejected its offer in favor of a bid from another investor. Deutsche Bank, along with […]

More From Our Brands

Access exclusive content