Leading German DVD distributor e-m-s new media is to take amajority 52.38% stake in theatrical distributor 3L Filmverleih which was set upat the beginning of this year by e-m-s new media's Chairman and CEO WernerWirsing and his wife
In a statement, e-m-s new media, which will finance itsstake by a capital increase, said the"strategic investment" in 3L would support its core business in thearea of home entertainment.
Andreas Thim, formerly managing director of the Austriansubsidiary of the Kieft & Kieft Cinestar cinema chain, has been recruitedas 3L's head of distribution, while responsibilities for programming andrelations with arthouse cinemas is being placed in the hands of WalterPotganski whose background is in exhibition and license trading.
3L appeared on the German distribution scene this springwith the release of Patty Jenkins' Oscar-winning Monster which grossed Euros 1.7m at the German box-office.
The next release - Park Chan-wook's Cannes prize-winner
Among recent acquisitions were David Steiman's