Munich-based TV production house G.A.T. Film- und Fernsehproduktion has bought back the 49% stake Dutch entertainment concern Endemol Entertainment acquired in the company three years ago.
According to the specialist media newsletter Der Kontakter, the move was prompted by Telefonica's take-over of Endemol last year. That move was also followed by Endemol selling back a shareholding in Germany's Helkon Media as part of a strategic repositioning of its distribution activities.
Apart from its own outposts, Endemol now holds stakes in only two production outfits in Germany: Flamingo Film and Meta Productions in Berlin.