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Tele München takes over majority in Odeon Film

January 18, 2017 12.38 Europe/London By Jörn Krieger

German media company Tele München has increased its stake in German production company Odeon Film to 85.23%.

The move follows the takeover offer Tele München made to all shareholders of Odeon Film on December 14, 2016 which ended on January 11, 2017. Tele München previously held 43.30% of the company’s shares.

The business figures of Odeon Film will be fully consolidated with those of Tele München with effect from January 1, 2017.

“The business of Odeon Film has been developing very positively for the last six years when we first acquired shares,” Dr Herbert G. Kloiber, founder of Tele München Group, said in Munich. “We look forward to working together with the board and the employees of Odeon Film on a sustainable strategic alignment and to driving the company’s success further forward.”

Odeon Film is one of the largest independent production companies for TV and cinema in Germany. Until now, the company has produced and co-produced 79 TV series with around 2,665 episodes, 180 TV movies, 47 feature films, 20 documentaries and a wide range of shows and miniseries.

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Filed Under: Finance, Newsline Tagged With: Herbert Kloiber, Odeon Film, takeover, Tele München Group Edited: 18 January 2017 18:58

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About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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