- Launch of new label PANTASOUNDS
- Music as additional segment of the Groups activities as its own subsidiary
- Exclusive distribution deal signed with Universal Music
Kronberg, Taunus / Munich July 1, 2016 – PANTALEON Entertainment AG (XETRA: PAL, ISIN: DE000A12UPJ7) expands their core business with the launch of their own music label and an exclusive distribution agreement with Universal Music. The future subsidiary PANTASOUNDS GmbH will have its headquarter in Munich with an additional office in Berlin and is geared to pool all music related activity within the PANTALEON-Group.
PANTASOUNDS will be established in liaison with leading music industry players, who along with their functions within the company will be connected as shareholders of the new label. PANTALEON Entertainment AG will hold a 67.5 percent majority stake, with Music Manager Pino Brönner taking charge of operational responsibility of the new subsidiary as CEO, while also becoming a partner. Arne Schuhmann and Josef Bach – both successful music producers in their own right - will also be shareholders.
The first milestone of the newly launched label is the exclusive label distribution agreement with Major Universal Music the market leader in Germany and the global music industry. The freshly signed deal will have Universal Music distribute soundtracks and other works of PANTASOUNDS exclusively.
Tom Bohne, President Music Universal Music Germany: "I am very pleased to be working with PANTASOUNDS, the list of its founders pretty much spells dream team: Musical creativity, economic expertise, marketing know-how, and to top it all off Matthias Schweighöfer as a partner, who not only has a great sense of what audiences want, but is also himself an established brand in the entertainment business. I wish everyone involved much success and good luck!"
With an array of previously initiated projects, the newly established company has already secured sales ranging in the upper six-figure Euro amount. Aiming to distribute not only the soundtracks of PANTALEON-Groups features and series but also to facilitate creative stepping-stones for PANTALEON artists with competent production and marketing, thus resuming the PANTALEON success story in the related field of music. In the past PANTALEON-Group collaborated with external labels, the founding of the new segment will now improve sustainable revenue structures and generate additional revenue potential for the Group.
„Music and film are really inseparable subjects – and simply belong together. In the past, we have successfully promoted music acts on a project basis with our own films and achieved excellent chart positions. So now, it’s only logical to combine these activities in a subsidiary and work with strong partners to parlay that.” says Dan Maag, CEO of PANTALEON Entertainment AG. „Pino Brönner is one of the most relevant figures in the German Music Industry and is the perfect match for our existing PANTALEON-team. With Universal Music and Tom Bohne we now also have the market leader in music firmly by our side, a model, which we have been implementing very successfully with our film distribution partners of Warner Bros.”
PANTALEON Entertainment AG:
PANTALEON Entertainment AG is a media company with a strong focus on cinema. The core activity of PANTALEON Entertainment AG and its subsidiaries is the development and production of feature films as well as the exploitation of the rights arising therefrom, which are usually marketed by worldwide leading film distributors on a national and international basis along many steps of a chain of rights designed to best exploit them. The basis of the PANTALEON Group was formed in 2009 with the founding of PANTALEON Entertainment GmbH in Berlin. Today, 2016, PANTALEON belongs to the leading German companies in the production of feature films and innovative entertainment formats. The company is headquartered in Kronberg im Taunus. Feature films are developed at its offices in Berlin, Munich and Frankfurt am Main, the consistent quality of which makes them amongst some of the most successful national productions in recent years. In 2016, PANTALEON starts the global roll-out of its innovative cloud-based Video-on-Demand (VoD) platform, PANTAFLIX.
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to buy securities or stocks. In the private placement only selected investors are addressed, who are specifically not US persons within the meaning of the US Securities Act of 1933. This release may contain forward-looking statements and information identified by words such as 'expects', 'wants', 'anticipates', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'will' or similar terms. Such forward-looking statements are based on our current expectations and certain assumptions, which may involve a number of risks and uncertainties. The actual results achieved by PANTALEON Entertainment AG may substantially differ from these forward-looking statements. PANTALEON Entertainment AG assumes no obligation to update these forward-looking statements or revise them due to differing or unexpected trends.