the world digest

Empty

Accused

MADRID — A Catalan regional government prosecutor on Tuesday accused Julio Fernandez, president of Spanish studio Filmax, of misappropriation of funds while heading film distributor Ivex Films more than a dozen years ago. At the hearing, the prosecutor asked for six years in jail and a fine of $52,682 for Fernandez, who he alleges transferred some €47.5 million ($69.5 million) before filing Chapter 11. The producer denied any wrongdoing, saying that all banks, creditors and interested parties were paid according to the Chapter 11 outline.



Purchased

BERLIN — German media group Senator continued its shopping spree Thursday, acquiring boutique production company Weltruf TV. The Cologne-based shingle was set up in 1999 by Niels Ruf and partner Stefan Kiwit. The company specializes in cutting-edge TV formats as well as music videos, commercials and production for mobile devices. Earlier this week, Senator acquired a minority stake in rights group A Company, with an option to take majority control of the Berlin-based operation that specializes in distribution in Eastern Europe.



Renamed

TORONTO — Norman Jewison's Canadian Film Centre has sold the naming rights to its film school program to domestic exhibition giant Cineplex Entertainment. The Toronto-based film center said it will change the name of its film program to the Cineplex Entertainment Film Program in return for $1 million over five years from Canada's largest cinema circuit. In addition, Cineplex Entertainment will provide an annual scholarship of $100,000 to aid one film resident enrolled in the film school.
comments powered by Disqus