TMG Ups Holding in Odeon Film


MUNICH: Tele München Group (TMG) has picked up around 850,000 additional shares in Odeon Film, upping its stake from 33 percent to more than 40 percent.

Odeon Film is one of Germany’s leading independent production companies, with a catalogue of around 78 TV series with approximately 2,600 episodes, 174 TV movies, 43 feature films and 20 documentaries. Among its lead titles are A Case for Two, The Country Doctor and The Prosecutor. The film library includes John Rabe, the adaptation of Erich Kästner’s famous children’s book The Flying Classroom, Sommer in Orange and Army Go Home. With the acquisition, TMG is now the second largest shareholder in Odeon.

Dr. Herbert Kloiber, the managing director and owner of TMG, said: "After the successful acquisition of 30 percent in Odeon Film in July this year, we are happy that the newly acquired share package brings our strategic partnership with Odeon Film to the next level in timely manner."

Mischa Hofmann, the CEO of Odeon Film, added: "With TMG being one of Germany’s most successful media companies, Dr. Kloiber‘s decision to acquire a stake and its increase now are a proof of confidence in our company. We are confident, that this is a signal of reliance and continuity to all of Odeon Film’s shareholders and clients. Moreover, we are sure that TMG, now being one of our major shareholders, gives numerous positive impulses to our core business as well as to the development of our business areas."