the world digest
NEW DELHI — India's Virgin Comics and new Mumbai-based film company Studio 18 have announced the formation of a new production relationship covering a slate of teen horror properties for films, television, games and publishing. Virgin Comics, established more than a year ago by principals Richard Branson, new age guru Deepak Chopra and Indian helmer Shekhar Kapur, already has bowed its first set of comic titles. But the deal with Studio 18 will see the partners collaborate on stories be co-owned and released initially as graphic novels, with the first titles due by the end of the year.
MUNICH — New York-based agency Global Advertising Strategies has taken over all advertising sales on the German-language pay TV channel ProSiebenSat.1 Welt (ProSiebenSat.1 World) in the U.S. and Canada, effective immediately, ProSiebenSat.1 said Monday. ProSiebenSat.1 Welt has been broadcasting in the U.S. since 2005 and in Canada for less than a year. Its programming targets the German expatriate community in North America.
KDG eyes consolidation
MUNICH — Germany's biggest cable operator, Kabel Deutschland (KDG), has acquired an 18.6% stake in competitor PrimaCom, which is up for sale, KDG said over the weekend. A KDG spokesman said the company is looking toward a "possible consolidation of the cable market in Germany," but said that a decision to make an offer for PrimaCom has not yet been taken. The stake was made up of 3.8 million shares, 2.9 million of which cost €12 ($16.15) per share. The total cost of the deal is just under €45 million ($60.5 million).