Germany's Splendid Medien has acquired an 85% stake in newly-launched multimedia company Enteractive which specialises in developing content for DVD and internet distribution.

The company was founded by Hans Henseleit who holds the remaining 15%. He previously worked for DVD mastering company K-Kontor.

"Exploitation of content via DVD and internet is not only going to supplement traditional ways of distribution like video and free TV, but also partially replace it. That's why it's important to position [Splendid] in that area," said Splendid CEO Andreas Klein.

Splendid has worldwide rights to several Hollywood projects through its co-production and co-financing deals with companies such as Catherine Zeta-Jones' Milkwood Productions and Jodie Foster's Egg Pictures.