Germany's Beta Film to Acquire Majority Stake in Austria's MR Film (Exclusive)
Management at the Vienna-based shingle, which produces series ranging from the modern-day comedy 'Vorstadtweiber' to period drama 'Das Sacher,' will remain in place.
Germany's Beta Film, whose credits include Italian gangster series Gomorrah and German 1920s crime drama Babylon Berlin, has signed a deal to acquired a majority stake in Austrian group MR Film.
The deal, unveiled Monday, sees Beta acquire 51 percent in Vienna-based MR Film. A price tag wasn't disclosed. Any agreement still has to be approved by local regulatory authorities.
Management at the company will remain unchanged, with Andreas Kamm and Oliver Auspitz staying on as managing directors.
MR Film is already one of Austria's leading production outfits, with a catalog of more than 600 film and TV titles, including such popular series as Vorstadtweiber, an Austrian take on suburban dramedies a la Desperate Housewives; and period miniseries such as Das Sacher, a Downton Abbey-like drama centered on the luxury Sacher hotel in Vienna; and Maximilian, a 15th century drama based on the life of Austrian emperor Maximilian I.
Beta has successfully handled international sales on several MR Film productions.
The capital investment from Beta is designed to allow MR Film to become more ambitious and produce for the international market.
For Beta, the acquisition marks a further expansion into production. The group, one of the Europe's largest sales and licensing companies, earlier this year took a strategic stake in X Filme, producer of Babylon Berlin.