- In-House Comedy "The NANNY" to Release in China 2016 -
Kronberg im Taunus, December 1, 2015 – PANTALEON Entertainment AG (XETRA: PAL, ISIN: DE000A12UPJ7) in-house production THE NANNY, which sold 1.65 million tickets at the German box office alone this year, is also attracting great interest internationally. PANTALEON is proud to report a groundbreaking sale to China, inked at the American Film Market in Los Angeles, making THE NANNY the first PANTALEON title to sell to China.
"This deal is a consistent confirmation of our strategy of specifically targeting Asian markets. The potential audience there is gigantic, the cultural similarities are often much greater than you'd expect,“ says PANTALEON CEO Dan Maag. "That’s why, the sale of the film rights to China is of such strategic importance to PANTALEON."
China is the fastest-growing movie market in the world. Within the last ten years, the number of screens in China has grown to 25,000. At this rate, China will overtake the USA to become the world's biggest movie market by 2020.
About PANTALEON Entertainment AG:
PANTALEON Entertainment AG is a media enterprise mainly focused on theatrical films. PANTALEON Entertainment AG and its subsids are mainly active in the development and production of theatrical feature films, and the exploitation of the rights to those films, mainly through leading international film distributors in Germany and abroad, over all links of the distribution chain. The foundation for PANTALEON Group was laid in 2009 with the incorporation of PANTALEON Entertainment GmbH in Berlin. As of 2015, PANTALEON has established itself as one of the leading German production houses for theatrical feature films and innovative entertainment formats.
PANTALEON Group is headquartered in Kronberg by Frankfurt. From its offices in Berlin, Munich and Frankfurt, it has produced a slate of blockbusters, including some of the most successful German films of recent years. For more information, please see www.pantaleonentertainment.com
Disclaimer:
Following information is not a sales offer and does not comprise solicitation of offers to bid on or purchase shares of PANTALEON Entertainment, but serves informational purposes only. This press release may include statements and information about future events, designated by terms such as "will", "want", "plan", "believe", "expect", "intend", "anticipate", "estimate" or similar terms. Such forward-looking statements are based on current expectations and assumptions that can not be guaranteed and carry an inherent risk of change or inacurracy. Actual results achieved by PANTALEON Entertainment can differ widely from expectations expressed herein. PANTALEON Entertainment AG assumes no responsibility for updating or correcting such forward-looking statements in case of varying results.