Value acquires 100% of Duo
EmptyBERLIN -- German film rights group Entertainment Value Associates has acquired 100% of distributor and license company Duo Entertainment.
Duo, which has offices in Dusseldorf and Los Angeles, focuses on international rights for television product and feature films, most prominently the 2006 Academy Award winner "Crash," which was produced by Germany's Apollo Media, now also part of Entertainment Value as EVA-Apollo Media.
"The company fits perfectly into our strategy: building our film library and gaining access to the co-production market in television and features," explains EVA-CEO Kai-Roger Gruneke, who will also take over as CEO of Duo from Philip von Alvensleben. "It also represents a step towards the U.S. market, with Duo providing a base for our endeavors."
Von Alvensleben, a former managing director of Germany's Tele Munchen Group and a producer of the television series "Pensacola," will have no official ties to Duo but is expected to continue working with EVA and Gruneke, who says that "because of ongoing discussions about a possible co-operation, Mr. von Alvensleben will certainly remain an important partner for us in regards to future projects."
Duo holds international rights to "ZOS -- Zone of Separation," an eight-part series about peacekeepers starring Colm Meaney and Lolita Davidovich. Canadian premium channels Movie Central and The Movie Network will air the series this June, with U.S. and international distribution still up for grabs. The market premiere will be at this year's MipTV, with an encore already in place: "A second season set in the Middle East has already been pre-ordered by Canadian stations," says Gruneke.
EVA has recently been on a buying-spree, acquiring 51% of German sales company Atlas International and announcing a slew of projects, at this year's Berlin Film Festival. It is a full subsidiary of Odeon Film AG.