Telepool Takes Full Ownership of Global Screen

MUNICH: Telepool has reached a deal with Bavaria Film that sees it taking 100 percent ownership of both Global Screen and video and games distributor EuroVideo Medien.

Telepool is acquiring Bavaria Film’s 50 percent shares in each company to become the sole shareholder. These transactions come after Bavaria Studios acquired a 50 percent share in Bavariapool Services from Telepool last year. As such, all existing joint ventures between Telepool and Bavaria are now terminated.

Dr. Christian Franckenstein, CEO of Bavaria Film, said, “Through the withdrawal from EuroVideo Medien and after selling Eurotape Media Services in the summer of 2016, after many successful years Bavaria Film is finally terminating its activities in the field of DVD/Blu-ray distribution and services. Regarding the global sales unit, we have reached an amicable agreement with Telepool, enabling us to handle the worldwide distribution of TV and theatrical programming via Bavaria Media—in addition to the existing activities in Germany, Austria and Switzerland. From our perspective, Bavaria Film will thus live up to a tradition from the time before the joint venture Global Screen. We would like to thank Telepool as well as the management and the staff at both EuroVideo Medien and Global Screen for the long-standing collaboration.”

Dr. Thomas Weymar, CEO of Telepool, noted, “The complete takeover of EuroVideo Medien and Global Screen underlines our strategic commitment to the handling of film and television content in all stages of distribution. With the full acquisition of the two subsidiary companies, Telepool is now controlling the complete chain of distribution. I would like to thank Bavaria Film and Bavaria Media for the trustworthy cooperation in EuroVideo Medien and Global Screen, especially my colleague Dr. Rolf Moser.”