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TV doldrums dampen AFM sales business

Some 46 years ago, a budding rights-trader pursued the German television rights to Federico Fellini's La Strada, borrowing 25,000 Deutschmarks from his wife in order to complete the acquisition and kick-start what would much later become one of Europe's pivotal media empires. Today, the $6bn debt albatross that now hangs around the neck of that stealthy buyer, Leo Kirch, is one of the reasons why the independent film business arena has sunk to one of its cyclical low-points.

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