ZDF Enterprises acquires a 50 % share of Bavaria Fernsehproduktion
Mainz, 5th July 2007
ZDF Enterprises GmbH has secured a 50 % share of Bavaria Fernsehproduktion GmbH. The key points of the agreement were negotiated during the last weeks and were officially agreed yesterday by the Boards of Directors of ZDF Enterprises GmbH and Bavaria Film GmbH. The purchase price is understood to comprise several million Euros.
Alexander Coridass, President and CEO of ZDF Enterprises: 'We are very pleased to announce this strategic partnership with one of Germany's most renowned production companies. This is a logical further step in the diversification of ZDF Enterprises' portfolio of partnerships and an extension of the production expertise we are able to offer our partners.'
Bavaria Fernsehproduktion was formed as a production company during the course of reorganisation at Bavaria Film GmbH in February of this year. Its activities represent a concentration of the television production work performed by Bavaria Film at its Munich location. Alongside the ARD series 'Marienhof' and 'Storm of Love', the output also includes ZDF programs such as 'The Rosenheim Cops' and 'Inga Lindstroem'.
**About ZDF Enterprises**
Founded in 1993, ZDF Enterprises GmbH is the wholly-owned subsidiary and commercial arm of ZDF German Television Network, one of Europe's largest and most respected broadcasters. Headquartered in Mainz, Germany, ZDF Enterprises is responsible for the development, production and global distribution of quality original programming. The company is also responsible for all program acquisitions and international co-productions on behalf of the network, and acquires programming for world-wide distribution. Its vast program library ranks as the largest in the German language. The extensive catalogue includes television movies and mini-series, drama series and comedies, documentaries, family entertainment and children's programming. ZDF Enterprises also oversees all licensing and merchandising activities based on its high-profile programs, including book and music publishing and the licensing of its program properties in all key product categories. Committed to the future, ZDF Enterprises has embarked on numerous New Media initiatives, ranging from opportunities within the burgeoning e-commerce industry to the creation of themed edutainment dimensions featuring the recognized program brands with which ZDF has become synonymous.
**Contact ZDF Enterprises**
Christine Denilauler (Director of Marketing and Corporate Communications), ZDF Enterprises GmbH, Lise-Meitner-Str. 9, D-55129 Mainz/Germany, tel. 0049 6131-991228, fax 0049 6131-991229, e-mail: [mailto:firstname.lastname@example.org email@example.com], [http://www.zdf-enterprises.de www.zdf-enterprises.de]