KirchMedia sells last operating subsidiary
Following Kinowelt's acquisition of Epsilon Motion Pictures, the legacy of the collapsed Kirch empire has been divided up.
The legacy of the collapsed
Kirch empire is distributed. With the film financier and
Rights trader Epsilon Motion Pictures has acquired the insolvent KirchMedia
sold the last operating company, reports the
SDA news agency. The buyer is the German film distributor Kinowelt.
Both sides had signed a corresponding agreement, and the
The creditors' committee unanimously approved the transaction, the
KirchMedia announced on Thursday. After the bankruptcy of the former
media mogul Leo Kirch, which dominated the German media landscape in April 2002.
KirchMedia, the heart of the group, was gradually shaken up.
has been smashed.
Kirch empire is distributed. With the film financier and
Rights trader Epsilon Motion Pictures has acquired the insolvent KirchMedia
sold the last operating company, reports the
SDA news agency. The buyer is the German film distributor Kinowelt.
Both sides had signed a corresponding agreement, and the
The creditors' committee unanimously approved the transaction, the
KirchMedia announced on Thursday. After the bankruptcy of the former
media mogul Leo Kirch, which dominated the German media landscape in April 2002.
KirchMedia, the heart of the group, was gradually shaken up.
has been smashed.
