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Graham King steps down from Splendid board

Graham King, the chief executive of Initial Entertainment Group (IEG), has stepped down from the board of Splendid Medien, the public German distributor which owns a 49% stake in IEG.The move comes as no surprise since the two operations have been somewhat estranged in the last few months, especially since the slumping prices of many companies on the Neuer Markt which fuelled Splendid and so many other entertainment companies. IEG did not sell German rights on Michael Mann's ...

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