Majestic in Groenewold's fold
COLOGNE, Germany -- German financial wunderkind David Groenewold added another puzzle piece to his cross-media group Monday, transferring 51% of new Berlin-based distributor Majestic Filmverleih and producer Majestic Filmproduktion to his production group Odeon Film. Groenewold set up the Majestic companies this year with his partner and former Senator Film executive Benjamin Herrmann. Herrmann remains Majestic managing director and holds a 49% stake in both companies. Majestic's focus is on German-language features, both as a distributor and a financier/co-producer.