Berlin-based independent producer/distributor DCM has acquired leading Swiss indie distributor Ascot Elite Entertainment, the two companies announced Thursday.
In a deal between Swiss-born DCM founders Dario Suter, Christoph Daniel, Marc Schmidheiny and Joel Brandeis, and managing director Stephanie Candinas, and Ascot Elite owners Karin G. Dietrich, Ralph S. Dietrich and Stephan Giger, DCM will take full control of Ascot. Candinas will take over executive management of the Swiss company, with Giger remaining in place as co-managing director for a transitional period.
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The new merged company will operate under the DCM brand.
The family-owned Ascot Elite, founded in 1928, is Switzerland’s leading independent film distributor, handling the local release of such features as Marty Supreme, The Housemaid, and No Other Choice in the territory. DCM, launched in 2008, is one of Germany’s top indie producer/distributors, responsible for the German releases
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