Konstantin Thoeren has stepped down from all of his responsibilities in the Internationalmedia Group with immediate effect.
The veteran producer with a track record of over 30 years as an independent producer had been appointed CEO of the beleaguered IM Internationalmedia AG last October in what was described at the time as 'intended to signal a new beginning for the company'.
Thoeren had also served as President and Chairman of Intermedia Film Equities USA Inc. and managing director of London-based Intermedia Film Equities Ltd..
Sascha Prestel, who joined IM Internationalmedia at the beginning of March, will now be the sole member of IM's management board while the search progresses for a successor to manage LA-based Intermedia Film Equities USA and the Intermedia Film Equities Ltd.
Thoeren's departure comes just a matter of days before the publication of Internationalmedia's half-year interim financial report for the first six months of 2008 on Aug14 (Thursday).
Moreover, Internationalmedia was back in the news last month with the announcement that actor John Cusack had filed a $5.6m lawsuit claim at the Superior Court of the State of California against Intermedia Film Equities USA.Inc., Intermedia Film Equities Ltd. as well as IM Stopping Power GmbH and R Media Acquisition LLC regarding the cancellation of Jan de Bont's action film Stopping Power a year ago.