German Production House DCM Takes 50% Stake in Distributor Delphi
COLOGNE, Germany -- The founders of Berlin production house DCM Productions have taken a 50% stake in fiscally-troubled distributor Delphi, rescuing the independent group from collapse.
DCM, founded by Dario Suter, Christoph Daniel and Marc Schmidheiny, have so far produced just one film: the war reporter drama Ceasefire, which was critically well received but a box office flop.
Delphi filed for the German equivalent of Chapter 11 last year after its banks cut off credit following a disappointing slate of art house releases.
Suter will run Delphi together with founder Claus Boje, who quipped he had "lost two banks but gained three partners" with DCM.
Delphi announced two new titles for its 2011 slate -- the French comedy Les Emotifs Anonymesand a German laffer starring Christian Ulmen (Berlin Blues).
Delphi will unveil further titles, and its new strategy, at the Berlin Film Festival, which starts next week.