COLOGNE, Germany -- Troubled German film studio Babelsberg has signed a deal to sell its theme park division, Filmpark Babelsberg KG, to Schatz Entertainment, the company run by former Filmpark managing director Friedhelm Schatz. The agreement, announced Wednesday by Babelsberg and Schatz, was expected. The Babelsberg theme park is set to open Saturday under its new management. Both sides declined comment on the financial details of the deal. The sell-off is part of overall cost-cutting measures at Babelsberg.
- 3/13/2003
- The Hollywood Reporter - Movie News
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