TMG Buys into Storied Media Group

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SANTA MONICA/MUNICH: Tele München Group (TMG) has acquired a stake in Storied Media Group, with the two planning to explore international co-production opportunities in both film and TV.

A U.S.-based rights brokerage and production house, Storied Media Group was founded by CEO Todd Hoffman three years ago. The investment will help to drive Storied Media Group’s growth as it maintains its mandate of serving high-end publishers in Hollywood with its “agency-agnostic” business model.

Herbert L. Kloiber, the managing director of TMG, said: “The investment in Storied Media Group follows TMG’s strategic diversification into international co-production opportunities. We are excited to help grow Storied Media Group and to strengthen our local and international portfolio at the same time.”

“I am so excited to welcome our new partners and am looking forward to their help in our continued expansion,” said Hoffman. “TMG is the perfect strategic partner for Storied Media Group as we enter this next phase of our development.”