Sale Process Begins for TV-Loonland

MUNICH: KPMG has embarked on the sale of the TV-Loonland library of programming, after the kids’ content outfit, unable to repay its debts, was placed under preliminary administration by a German insolvency court last month.

The preliminary insolvency administrator, Munich-based attorney Dr. Wolfgang Ott, says the focus will be on offloading library assets and ongoing productions, rather than on attempting to sell the entire operation. Those who have already expressed interest in the library are due to receive necessary information on the sale process in the coming days. Other potential bidders can contact KPMG on De-project-fairytale@kpmg.com. The transfer of assets is expected to begin in March, once the insolvency proceedings have begun.

The assets up for grabs include Pettson and Findus, Cramp Twins, Raymond and The Owl.