After months of negotiations to find a partner, German licence trader Advanced Medien has announced the signing of a draft merger agreement with fellow Munich-based company Fast TV Server.

The main purpose of the merged company will be to further develop and market Fast TV Server's products, which include hard disk recorders for real Personal TV, and Advanced's film assets will continue to be marketed in a licence trading division.

Advanced's shareholders will be invited to attend an extraordinary general meeting in Munich on December 1 to vote on the merger and planned capital measures.

This latest development comes just a month after Advanced sold all the shares to the Munich-based media financial services company Media Entertainment Funding (MEF) in its US operation Advanced Licencing North America Inc., which acted as a holding company for a majority stake in the production house Unified Film Organization (U.F.O.).