Ad-hoc | 11 February 2004 18:01
Intertainment and Kopelson Entertainment End Cooperation
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Intertainment and Kopelson Entertainment End Cooperation
Ismaning near Munich, February 11, 2004 – Media company Intertainment AG,
Ismaning near Munich, and Los Angeles-based production company Kopelson
Entertainment have mutually terminated their cooperation agreement effective
February 11, 2004.
The mutual agreement to terminate was occasioned because of Intertainment’s
cost-cutting requirements interfering with the production requirements of
Kopelson Entertainment. Intertainment’s cost-cutting which was announced at the
2003 Annual General Meeting was necessary as a result of the ongoing legal
proceedings against Franchise Pictures relating to fraudulently inflated
budgets. The main hearing for the trial is scheduled to start on April 20, 2004.
Within the framework of Intertainment’s established cooperation with Kopelson
Entertainment, Intertainment joins with Paramount Pictures to release the
Kopelson production “Twisted” (formerly “Blackout”) with Ashley Judd, Samuel L.
Jackson and Andy Garcia. The thriller directed by Philip Kaufman was produced by
Arnold Kopelson, Anne Kopelson, Rüdiger Baeres and Linne Radmin and is due to
be launched in US cinemas on February 27, 2004.
end of ad-hoc-announcement (c)DGAP 11.02.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Contact:
Intertainment AG, Dr. Marietta Birner, Investor Relations, Osterfeldstr. 84,
85737 Ismaning, Germany
Tel.: +49 (0) 89 2 16 99-0, Fax: +49 (0) 89 2 16 99-11,
Internet: http://www.intertainment.de , E-Mail: investor@intertainment.de
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WKN: 622360; ISIN: DE0006223605; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
111801 Feb 04