EM.Sport Takes Stake in Sports Production Business

ISMANING, January 31:
EM.Sport Media has taken a 15-percent stake in Cologne-based Wige Media, a film
and TV production outfit that specializes in sports content.

The shares were acquired
from the securities trading bank Close Brothers Seydler for a sum in the “low
single-digit million euros range,” the company said today.

Wige, a long-time
production partner of EM.Sport’s Plazamedia, produces more than 200 sporting,
music, cultural and light entertainment events every year. Rainer Hüther, Board
Member of EM.Sport Media, noted: “The European production market is currently
undergoing a phase of consolidation and EM.Sport Media is playing an active
role in this process. Our specific objective is the expansion of our largest
production area—outside production. In this field Wige Media, with its
market leadership in the motorsport sector and its top level equipment and
expertise in soccer is the perfect fit for the core competences of Plazamedia
and its soccer focus.”

—By Mansha Daswani