Initial, Intermedia part ways after two-year marriage

By 2004-03-19T00:00:00

According to IM Internationalmedia, a "decisive factor" for the sale of Initial was "the decline of Initial's operative result from Euro 25.5m in 2002 to Euro -7.1m last year." It said the move would generate savings of at least Euros 16.5m, and that the group would retain film rights with ...

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