IN-motion AG
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IN-motion AG and the ‘Initiatoren Drei KG’ close shareholding alliance for VIVA
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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IN-motion AG and the ‘Initiatoren Drei KG’ close shareholding alliance for VIVA
Frankfurt am Main / Cologne, November 21, 2001 – The international media group
IN-motion AG, Frankfurt, and the ‘Initiatoren Drei Kapitalbeteiligungs KG’ have
closed a strategic alliance. The ‘Initiatoren Drei KG’ is one of three
initiating groups that, as a whole, is one of the largest shareholding groups
and holds 19.1% of VIVA Media AG. The ‘Initiatoren Drei KG’ holds a 12.1% stake
(or 2.4 million shares) thereof, which was taken over completely from edel music
AG in May 2001. The ‘Initiatoren Drei KG’ consists of the ‘founding fathers’ of
VIVA Fernsehen GmbH.
IN-motion AG has aquired a 50% stake of the ‘Initiatoren Drei
Kapitalbeteiligungs KG’. Through this, the IN-motion group holds a 6.05% stake
in VIVA Media AG, whose largest shareholders AOL Time Warner, EMI and VIVENDI
Universal each currently hold a 18.8% stake respectively. IN-motion AG and the
‘Initiatoren Drei KG’ have agreed to remain silent with regards to the financial
and contractual details of the deal.
The stakehold represents interesting perspectives for IN-motion AG’s continuing
national and international growth strategy. In this context, the media group
already announced the first cooperation with VIVA and Walt Disney Pictures.
Previous to the premiere of Walt Disney Picture’s movie ‘Atlantis – Das
Geheimnis der verlorenen Stadt’, the label IN-motion Records will release the
album ‘Stars Inspired By Atlantis’ on November 26. VIVA Media AG will be acting
as media partner. A further possibility for cooperation in the near term, for
both media companies, is the brand ‘Ministry of Sound’, for which IN-motion AG
holds the rights to the German speaking countries.
end of ad-hoc-announcement (c)DGAP 21.11.2001
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WKN: 622380; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
210831 Nov 01
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