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ots Ad hoc-Service: splendid medien AG <DE0007279507> Splendid Medien AG sets up TV company

Cologne/New York (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
- TV projects packaged in a new subsidiary - Access to the global
film market via TV productions - Co-producer of the television film
"James Dean"
By setting up Splendid Television, LLC., New York, Splendid Medien
AG, Cologne, has now also established a strong presence in the TV
sector in addition to its cinema production activities. Following its
first TV production "Victoria and Albert", the company has now
strengthened its activities in this field. The latest project of
Splendid Television is the television film entitled "James Dean".
Splendid Medien holds an 80 percent stake in the new subsidiary.
Douglas Schwalbe, who has many years of experience in the TV
business, is the other shareholder and Chief Executive Officer.
Splendid is currently forecasting sales of around DM 12 million for
its two first projects alone, namely "James Dean" and "Victoria and
Albert".
The aim of Splendid Television is to co-produce, finance and
distribute between four and five event television movies and
mini-series every year. These will primarily be TV films and
mini-series with large budgets, well-known actors and a story
suitable for international marketing.
The latest project of Splendid, the television film "James Dean",
is a co-production between Splendid Television and Five Mile River
Films (Rowayton, Connecticut) produced for the TV network Turner
Network Television (Los Angeles, California), a subsidiary of the
Time Warner Company. Splendid will own the world-wide rights to
"James Dean" outside North America, and the German and Italian rights
will be held by Five Mile River Films.
The legendary film star James Dean is played by James Franco
(Ungeküsst, Freaks & Geeks/NBC); the film is directed by Mark Rydell
(Am goldenen See, Die Rose). The film is currently in the
post-production phase.
Shooting of the already announced mini-series "Victoria & Albert"
has started this week. Peter Ustinov has been signed up for this
series. The world-wide TV premiere is expected to take place in the
summer of 2001.
With Splendid Television, Splendid Medien AG acquires the world-
wide and perpetual ownership of mainstream TV productions, and will
thus further expand its world-wide film library.
Further information is available from www.splendid-medien.de or
from the following contact:
Splendid Medien AG, Elke Leim, Alsdorfer Str. 3, 50933 Köln
Telephone: 0221-95 42 32 34, Fax: 0221-95 42 32 8 E-mail: 
elke.leim@splendid-medien.de
End
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