Leonine Holding Explained

Leonine Holding GmbH
Former Name:Tele München Group (1970–2019)
Type:Private
Founder:Walter Ulbrich
Location:Munich, Germany
Industry:Media
Revenue:€286 million[1]
Revenue Year:2015
Operating Income:€56 million
Income Year:2015
Parent:Mediawan

Leonine Holding GmbH, also known as LEONINE Studios and formerly known Tele München Group, LLC (German: Tele München Gruppe; TMG), is a German media production and distribution company that is based in Munich.

The activities of Leonine include trade in licenses, investments in television and radio stations and distribution and production of television films and movies.

History

Tele München Group

The Tele München GmbH was founded on April 27, 1970, by author and producer Walter Ulbrich. It was purchased in 1977 by Herbert Kloiber and his business partner Fritz Buttenstedt. In 1980, the Concorde Filmverleih (Concorde film distribution) was founded and a year later, in 1981, the company acquired along with the cinema operator Hans-Joachim Flebbe several movie theaters in Hamburg, Berlin and Braunschweig.

TMG was partner at the television station Sat.1 in 1985; after a year, the company sold its shares and started the TV station musicbox. In the same year, TMG took over the Munich private radio station Radio Xanadu, which was later renamed to Radio Energy.

In 1987, Silvio Berlusconi’s company Fininvest acquired 50 percent of musicbox. This was the basis for the channel Tele 5. In 1988, Axel Springer Publishing House and CLT became partner at TMG. In 1989, 50 percent from the company were sold to Capital Cities / ABC.

1991 TMG sold its shares in Tele 5 to the Axel Springer Publishing House and in 1992 founded, together with CLT, Bertelsmann, Bauer Media Group and The Walt Disney Company, the TV channel RTL II. In 1995, the television station Tm3 was founded by TMG and the Bauer Media Group.[2]

In 1996, Herbert Kloiber bought back the TMG shares from Capital Cities / ABC, and took over the shares of Bauer Media Group on Tm3. In 1997, TMG participated in the Hungarian private broadcaster TV2.[3]

In 1998, Rupert Murdoch's company News Corporation took over 66 percent of Tm3 and two years later, in 2000, took over Tm3 completely.[4]

On 28 April 2002, the channel Tele 5 was restarted by TMG. TMG launched a streaming service, Filmtastic, in 2017.

In July 2011, Tele München Group announced that they brought 33% in German independent television production company Odeon Film AG. By November of that same year Tele Manchester Group announced that they increased their stake in Odeon Film by acquiring 40% of the company becoming TMG's biggest shareholder in Odeon Film AG.[5]

Leonine Holdings

In February 2019, Kohlberg Kravis Roberts (KKR) agreed to purchase TMG, with expected closing in April 2019. At closing, Fred Kogel's appointment as CEO would be effective.[6] KKR also agreed to purchase the Universum Film movie distributor from RTL Group days later, with the intent to combine the two companies.[7] i&u TV was acquired by April 2019, when the expanded TMG acquired Wiedemann & Berg. Wiedemann & Berg would continue its TV arm, W&B Television, as a joint venture with Endemol Shine Group. Founders Max Wiedemann and Quirin Berg would continue as managing directors of Wiedemann & Berg while adding the position of head of the group's feature film production division.[8]

The enlarged Tele München Group was renamed Leonine Holdings in September 2019, with three main divisions: Distribution, Production, & Licensing. The distribution division, consisting of multiple Munich-based film distributors & a home video outlet, as well the company's stakes in RTL II & Tele 5, would be operating under the Leonine Distribution division name as of January 1, 2020. The production division, consisting of film & television production companies, would be grouped under the Leonine Production division, while continuing their separate identities. While under Leonine Distribution, RTL II, Tele 5, & the subscription video on demand services would continue under their current names.[9] Leonine purchased Endemol Shine Group's share of Wiedemann & Berg Television.[10]

In March 2022, Leonine Studios had announced that they're restructuring their German-based unscripted label by rebranding Odeon Entertainment to Madame Zheng Production the company hiring former RedSeven Entertainment executive and co-head of entertainment at Leonine Studios Tina Wagner along with former Red Arrow Studios producer and co-head of entertainment at Leonine Nina Etspüler taking over as leadership of the rebranded company.[11] [12]

In October 2022, Leonine Holding announced that they had brought a 25% minority stake in Munich-based children's animation production and distribution studio Toon2Tango and placed it under their Leonine Studios division, the acquisition marks the first time Leonine entered the animation production industry with Leonine Studios adding development and production of animation IPs to their distribution division.[13]

Since October 2023, Leonine started distributing home media releases from Walt Disney Studios Home Entertainment in Germany, Austria and Switzerland.

On December 18 2023, Leonine Holding along with its German production powerhouse division Leonine Studios had announced that they're launching a animation studio named Leonine Animation Studios GmbH and announcing that they've taken full control of Munich animation produer Toon2Tango and becoming a wholly-owned subsidiary of Leonine Animation Studios[14]

In March 2024, Leonine along with its division Leonine Studios announced that they've expanded its production division and launched its new documentaries division label named Leonine Documentaries.

In April 2024, it was announced that Mediawan, also backed by KKR, would acquire Leonine, in which it already held a 25% stake since 2020, in an all-stock deal for an undisclosed sum subject to approval from German authorities.[15]

Units

Leonine Distribution

Broadcasting

Leonine Holding formerly owned Tele 5 channel, which, since September 2020, is a subsidiary of Warner Bros. Discovery.

Subscription video on demand channels

Leonine Production

Other interests

See also

External links

Notes and References

  1. Web site: TMG financial year 2015 . 20 July 2016 . TMG . 25 January 2017 . 2 February 2017 . https://web.archive.org/web/20170202035420/http://www.tmg.de/de/media-relations/news/news-details/news/tmg-geschaeftsjahr-2015/?tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Baction%5D=detail . live .
  2. Web site: Gesellschafterstruktur . RTL II . de . 5 June 2015 . 29 June 2015 . https://web.archive.org/web/20150629091044/http://info.rtl2.de/unternehmen/gesellschafterstruktur . live .
  3. Web site: Tele Munchen revs hit $194 mil on record sales . Ed Meza . 6 April 2001 . Variety . 5 June 2015 . 5 March 2016 . https://web.archive.org/web/20160305014413/https://variety.com/2001/tv/news/tele-munchen-revs-hit-194-mil-on-record-sales-1117796630/ . live .
  4. Web site: Tele-München-Gruppe mit Rekordgewinn nach tm3-Verkauf . 5 April 2001 . Handelsblatt . de . 11 March 2017 . 7 March 2016 . https://web.archive.org/web/20160307025934/http://www.handelsblatt.com/archiv/kloiber-plant-neuen-sender-tele-muenchen-gruppe-mit-rekordgewinn-nach-tm3-verkauf/2055474.html . live .
  5. Web site: TMG increases stake in Odeon Film. Screen Daily. Robert. Briel. November 22, 2011. May 18, 2024.
  6. News: Wiseman . Andreas . German Film & TV Powerhouse Tele München Gruppe Bought By Investment Firm KKR . 22 February 2019 . Deadline . February 21, 2019 . en . 21 February 2019 . https://web.archive.org/web/20190221171255/https://deadline.com/2019/02/tele-munchen-gruppe-sold-investment-company-kkr-germany-1202561688/ . live .
  7. News: Wiseman . Andreas . KKR Continues German Spree With Acquisition Of Key Film Distributor Universum . 28 October 2019 . Deadline . 25 February 2019 . en . 28 October 2019 . https://web.archive.org/web/20191028194645/https://deadline.com/2019/02/universum-germany-kkr-film-distributor-vice-hateful-eight-1202564689/ . live .
  8. News: Wiseman . Andreas . KKR Continues German Buying Spree With 'Never Look Away' & 'The Lives Of Others' Producer Wiedemann & Berg . 28 October 2019 . Deadline . 8 April 2019 . en . 30 August 2019 . https://web.archive.org/web/20190830014528/https://deadline.com/2019/04/kkr-buys-never-look-away-the-lives-of-others-producer-wiedemann-berg-germany-1202590980/ . live .
  9. News: Barraclough . Leo . KKR-Backed German Media Conglomerate Finally Has a Name: Leonine . 28 October 2019 . Variety . 20 September 2019 . en . 6 December 2019 . https://web.archive.org/web/20191206101855/https://variety.com/2019/film/news/kkr-backed-german-media-conglomerate-takes-the-name-leonine-1203343030/ . live .
  10. News: White . Peter . Endemol Shine Sells 'Dark' & '4 Blocks' Producer Wiedemann & Berg Television To KKR-Backed Leonine . Deadline . November 15, 2019 . en . November 16, 2019 . November 16, 2019 . https://web.archive.org/web/20191116142246/https://deadline.com/2019/11/endemol-shine-sells-dark-4-blocks-producer-wiedemann-berg-television-to-kkr-backed-leonine-1202786941/ . live .
  11. Web site: Leonine Studios hires RedSeven exec to run rebranded Odeon Entertainment. TBI Vision. Richard. Middleton. March 15, 2022. May 21, 2024.
  12. Web site: Leonine Studios rebrands Odeon Entertainment, revamps leadership team. C21Media. Karolina. Kaminska. March 15, 2022. May 21, 2024.
  13. Web site: LEONINE Studios acquires a strategic minority stake in Toon2Tango. Toon2Tango. Claudia. Hennekemper. October 14, 2022. May 18, 2024.
  14. Web site: Leonine Launches Animation Division & Ups Stake In Toon2Tango. Deadline Hollywood. Max. Goldbart. December 18, 2023. May 18, 2024.
  15. Web site: Mediawan Acquires Leading German Production-Distribution Group Leonine. Variety. Elsa. Keslassy. 28 April 2024. 28 April 2024.
  16. Web site: Activities . Tele München Gruppe . 5 June 2015 . 19 February 2015 . https://web.archive.org/web/20150219095611/http://www.tmg.de/tmg/index.php?websiteLang=en . dead .
  17. Web site: Herbert Kloiber's Tele-Munchen Group Ups Stake in Odeon Film . Scott Roxborough . 22 November 2011 . The Hollywood Reporter . 5 June 2015 . 9 February 2019 . https://web.archive.org/web/20190209124418/https://www.hollywoodreporter.com/news/herbert-kloibers-tele-munchen-group-264945 . live .