Munich-based Red Arrow Entertainment Group has acquired a majority stake in US-based production company Orion Entertainment.
Creditors of Telecolumbus have taken over the troubled German cabler after Orion Cable sold the operation for €2.5 million. The move cancels the auction scheduled to take place in Berlin on Wednesday.
At least four parties are interested in buying the assets of Germany’s Orion Cable, according to local media sources. They include the telco Versatel, as well as Kabel Deutschland and Unitymedia.