New shareholder for TV-Loonland

Firm completes a busy week with news of extra financial investment.
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TV-Loonland has revealed that rival firm Your Family Entertainment AG has acquired a three per cent stake in the company.

An official statement from Your Family Entertainment said: "We are of the opinion, that after its restructuring TV-Loonland is an interesting investment. Content in the children and youth segment like the programmes of TV-Loonland are in Germany at the moment undervalued."

Simon Flamank, CEO of TV-Loonland, added: "We welcome the fact that a competitor has chosen to make this financial investment. The managements of the two companies are on speaking terms with one another and we will be meeting in the coming weeks."

The news comes after a busy week for TV-Loonland, which saw it sell its rights in the Hasbro Classics film library back to Hasbro and also sell its stake in independent film distributor Metrodome before announcing it was officially debt free.

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