German media group IN-motion has sold its remaining 30% stake in Myriad Pictures to the existing shareholders and will in future concentrate its film/TV activities out of UK-based subsidiary IN-motion Pictures Ltd.

In a statement, the Frankfurt-based group stated that it exited from Myriad as of January 1, but would continue to work with the US-based producer-distributor and other Stateside production outfits on projects in the future.

The statement also said that all of IN-motion's distribution activities will be handled in future by IN-motion Pictures which had formerly operated as J&M Entertainment.

This latest development comes after IN-motion announced plans to move the trading of its shares from the Neuer Markt to the Regulated Market (Geregelter Markt) this month.