Despite the stormy times currently besetting the capital markets, another two German production outfits - Me, Myself and Eye Entertainment (MME) and Neue Sentimental Film (NSF) - are planning to join the 30-odd media companies listed on Frankfurt's Neuer Markt exchange.
Hamburg-based MME has employed Commerzbank to co-ordinate the flotation of 25-30% of its shares. The company, which focuses on youth and music TV genres, plans to develop new media projects such as music programming for the internet. It will use the proceeds of its IPO to acquire strategic partners and expand internationally.
Publisher Heinrich-Bauer-Verlag currently holds the largest stake in MME with 42% and has already announced that it intends to remain the leading shareholder after the IPO.
Frankfurt-based NSF, which plans to float on the Neuer Markt before the end of the year, was founded by brothers Mark and Tom Glaeser in 1990. The company focuses on production of international commercials and corporate films but made a foray into feature film production in 1996 with Mark Glaeser's critically well-received Sexy Sadie.