Just aweek after Das Werk's German post-production divisions filed forinsolvency (ScreenDaily, Nov 26), the group has now sold off interests inSpain and Switzerland as part of its programme of restructuring andstreamlining operations.
DasWerk has sold its stake in the Barcelona-based film laboratory Image Film tothe newly created Image Laboratories, which is owned by Deluxe Media, a 100%subsidiary of the UK's Deluxe Laboratories.
Inaddition, the film post house Cine Efecto and the film stock and video tapesupplier Film & Tage were sold to another Deluxe Laboratories subsidiaryImage Film Digital.
Meanwhile,the Zurich arm of the Das Werk postproduction empire, which was 98.8% owned byDas Werk AG, has been taken over by Stefan Jung who was one of the co-foundersof the original Das Werk in 1991.
According to a press statement from Das Werk, business activities are tocontinue at all of the companies under the management of the new shareholders.