Will consolidation continue?ĭespite ongoing consolidation, however, the German production market remains fragmented. Elsewhere, Banijay Germany acquired Sony Pictures Television Germany last year, while in 2021 Newen bought a majority stake in Paradiso producer Flare Film, and Bavaria Film snapped up unscripted producer Story House Group. Its most recent acquisition was doc outfit Gebrueder Beetz, which has a high-end series on former Spanish king Juan Carlos debuting in the Berlinale Series Market. The Munich-based firm has become one of the country’s leading entertainment groups in the past five years thanks to acquisitions such as film and TV powerhouse Tele München Group, film distributor Universum, Dark producers Wiedemann & Berg and non-fiction specialists I&U TV. The dealmaking has been led by Leonine Studios, which is backed by New York private equity group KKR. Germany is an attractive place to invest: it is the continent’s largest media and entertainment market (although PwC says it will be overtaken by the UK this year), there are some 100 million German speakers in Europe, and it has a very generous content subsidy system. In common with countries including the UK, France and the US, the rise of the streamers has also led to a wave of consolidation in Germany’s film and TV market, as investors looked to capitalise on the content production boom. Many say that the arrival of the global streamers, notably Amazon, Netflix and Disney+, has caused local players - the public broadcasters ARD and ZDF, commercial groups RTL and ProSiebenSat.1 and pay-TV operator Sky Deutschland - to raise their game. They helped to shift international attention on to a production sector that previously had been focused primarily on creating content for local audiences. The Netflix hit builds on the worldwide success Germany has had with series such as Deutschland 83 in 2015, and Babylon Berlin and Dark in 2017. Multiple Oscar nominations and Bafta wins for All Quiet On The Western Front have pushed the German production industry firmly into the spotlight. Source: Prime Video © 2022 Amazon / Stephan Rabold
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