TMG & Storied Media Group Complete New Investment Round

Tele München Group (TMG) and Storied Media Group (SMG) have completed a second investment round, which sees TMG upping its stake.

The investment will enable SMG to accelerate its growth plans in serving high-end published content to Hollywood—and soon global—producers and jumpstarting its newly created platform StoryScout.

The new StoryScout service curates thousands of articles every day, tags the best stories fit for TV and film for the global marketplac, and makes them available in real time to customers 24 hours a day. SMG has started rolling out the service to producers, management companies, studios, networks and agencies.

Founder and CEO of Storied Media Group, Todd Hoffman, said:  “We are so grateful that Tele München Group has doubled-down on Storied Media Group and StoryScout and see huge potential for our global growth. StoryScout is a unique disrupter in the industry and given initial reaction, we think we are on to something very special.”

Herbert L. Kloiber, managing director of TMG, added: “We are delighted to strengthen our relationship with Storied Media Group and Todd Hoffman. SMG has done tremendously well so far in selling high-end scripted projects and launching StoryScout and we are happy to further support Todd and SMG in their endeavors.  SMG is a good example of how we pursue our strategic goals of diversifying internationally and taking advantage of digital opportunities.”