Germany 's financially beleaguered Senator Entertainment has said that it will reduce the number of international titles it acquires for distribution in future.
The company is refocusing on its traditional core activity of producing and distributing German language feature films.
In addition it has rescinded the contract to acquire a 51% stake in the German film and TV production house Weltruf TV, agreed last February.
The Weltruf acquisition had been made to expand Senator's presence in TV production.
'Instead of this, it is planned to significantly expand the area of German in-house productions and co-productions as these titles have turned out to be substantially more profitable,' the company said in a statement.
Consequently, Senator Entertainment has also reduced its shareholding in the media holding A Company, which specialises in the Eastern European markets, from 25.2% to 12.6%.
Up to November 26, Senator's theatrical releases had earned 1.65 million admissions and box office of $13.1m (Euros 10.3m), making it the 11th most successful distributor in Germany in 2008.
It is also the sixth most successful German distributor behind such rivals as Constantin, Concorde, Tobis Filmkunst, and Kinowelt.
Senator Entertainment's most successful releases were Superhero Movie with 570,000 admissions and Andreas Dresen's Cloud 9 with 425,000.
Senator's forthcoming releases into 2009 are: Luigi Farloni's Heart Of Fire; Stephen Daldry's The Reader; Jean-Francois Richet's L'instinct de mort; Dresen's Whisky Mit Wodka; and Anno Saul's Die Tür.
Senator's joint venture with Wild Bunch, Central Film, has three films lined up for 2009: Das Morphus-Geheimnis; Religulous and Che - The Argentine.