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TV-Loonland sells 3% stake to industry rival

Munich, Germany-based TV-Loonland has sold 3% interest in the company to Your Family Entertainment/Dr. Stefan Piech/Film & Medien Beteilgungs.
May 23, 2008

Munich, Germany-based TV-Loonland has sold 3% interest in the company to Your Family Entertainment/Dr. Stefan Piech/Film & Medien Beteilgungs.

The group is a competitor of TV-L, but CEO Simon Flamank has issued a statement praising the investment.

Earlier this week, TV-L announced that it was debt-free after selling off portions of the company and is still in the midst of restructuring.

The management of both TV-L and the new stockowners will be meeting to in the next couple of weeks.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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