EXCLUSIVE: Herbert L. Kloiber’s Night Train Media has sold its stakes in Curve Media, BossaNova Media and Eccho Rights to Germany’s Serafin Group, we can reveal.
Serafin is now the main shareholder in the three European businesses, whose leaders now report into managers at the Munich-based company. Serafin has installed its own exec, Christoph Auer, as interim CEO following its takeover, financial terms of which have not been revealed.
We understand all three companies have been reporting into the new owner for several weeks already, as the deal with Night Train was quietly struck. Notably, private equity firm Serafin will also remain a 50% investor in Night Train, which is planning now to double down on co-production and co-financing of high-end scripted TV and films.
“Organizational changes” are taking place at Eccho, we hear, but Kloiber – who was the distributor’s CEO – is the only departure
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