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08/01/2003
IN-motion break from Myriad
German media group IN-motion have sold their remaining 30% stake in Myriad Pictures to the existing shareholders, and are to in future concentrate their film and television activities out of UK-based subsidiary IN-motion Pictures Ltd.
In a statement, the Frankfurt-based group stated that it exited from Myriad as of January 1, but would continue to work with the US-based producer-distributor and other US production outfits on projects in the future.
The statement also said that all of IN-motion’s distribution activities will be handled in future by IN-motion Pictures, formerly operated as J&M Entertainment.
This latest development comes after IN-motion announced plans to move the trading of its shares from the Neuer Markt to the Regulated Market (Geregelter Markt) this month.
(GB)
In a statement, the Frankfurt-based group stated that it exited from Myriad as of January 1, but would continue to work with the US-based producer-distributor and other US production outfits on projects in the future.
The statement also said that all of IN-motion’s distribution activities will be handled in future by IN-motion Pictures, formerly operated as J&M Entertainment.
This latest development comes after IN-motion announced plans to move the trading of its shares from the Neuer Markt to the Regulated Market (Geregelter Markt) this month.
(GB)
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