Palatin acquires interest in Kinostar Filmverleih – IEG as exclusive financial advisor to Kinostar Filmverleih
Palatin Media Film- & Fernseh GmbH of Munich has taken a 25.1% stake in Kinostar Filmverleih GmbH. Palatin acquired the shares from Kinostar Theater GmbH. In addition to acting as CEO of Palatin, Bernd Schlötterer will join the Stuttgart-based film distributor’s management team as a further managing director.
As one of the top ten independent film companies in Germany, Kinostar Filmverleih GmbH specializes in the distribution of Hollywood films, German and Turkish movies, and Bolshoi Ballet productions. The company is also a leader in the worldwide video-on-demand (VOD) market, where Kinostar aggregates content for all major platforms, including iTunes and Google, and exploits both its own licenses and those of its licensors.
“This stake in Kinostar will allow us to directly monetize our products on the film market and worldwide VOD markets. Kinostar in turn will benefit from our strength in exploiting content for television and on other monetization platforms,” says Palatin Managing Director Bernd Schlötterer.
“We are very excited about this partnership with Palatin, which will greatly benefit both companies,” says Kinostar Managing Director Michael Roesch. Matthias Roesch adds: “We see huge opportunities for growth, particularly in the market for European films and we will unlock this potential together.”
IEG – Investment Banking Group acted as financial advisor to Kinostar Filmverleih GmbH.