Germany's Tele-Munchen Completes Takeover of Odeon Film
Munich-based Odeon Film is one of Germany's largest indie production companies.
German mini-major Tele-Munchen has completed its takeover of German indie production group Odeon Film and has fully consolidated the company under the Tele-Munchen umbrella.
Tele-Munchen now has a 85.23 percent share in Odeon Film following its buyout offer to Odeon shareholders last year. Odeon has produced almost 50 feature films and close to 80 German TV series, including the critically acclaimed Turkish for Beginners and KDD.
“The business of Odeon Film has been developing very positively already for the last six years when we first acquired shares,” said Tele-Munchen founder Herbert G. Kloiber in a statement commenting on the buyout. “We look forward to working together with the board and the employees of Odeon Film AG on a sustainable strategic alignment and to driving the company’s success further forward.”
Tele-Munchen is one of the largest independent media companies in Europe, with a library of more than 3,000 titles and stakes in television networks in Germany and Austria.