Berlin: Beta Film Takes Stake in Tom Tykwer's X Filme
The deal is part of a corporate restructuring at the German producer and distributor of 'Run Lola Run,' 'Cloud Atlas' and 'The White Ribbon.'
German sales and production group Beta Film (Babylon Berlin) will take a strategic stake in X Filme, the German production and distribution company behind Run Lola Run, Cloud Atlas and Good Bye Lenin!
X Filme, founded in 1994 by producer Stefan Arndt and directors Tom Tykwer, Wolfgang Becker and Dani Levy, will be restructured to merge all production, distribution and sales operations under a single entity, X Filme Holding. Beta will become a strategic partner in X Filme Holding.
Beta teamed with X Filme on Tom Tykwer's upcoming TV series Babylon Berlin, with Beta co-financing and handling international sales on the series.
“For us, this partnership is another step in working together with the interesting German producers to create content for the international market out of Germany,” said Beta Film CEO Jan Mojto.
Andreas Brey of Germany's DZ Bank will join the managing team of the new holding company, alongside X Filme's Stefan Arndt and Uwe Schott, to oversee finances and business development in the group.
“In partnering up with Beta Film, X Filme will profit even more from the interlocking of production and national and international sales,” Schott and Brey said in a joint statement. “We are very happy that, together with Beta, we will be able to further position and establish German filmmaking with national and international productions on the national and international market as a force in the industry to be reckoned with.”
The group's production and development division, X Filme Creative Pool, and its distribution arm, X Verleih, will continue with the same team.