Ad-hoc Press Release Intertainment AG
Intertainment and Kopelson Entertainment End Cooperation
Ismaning near Munich, February 11, 2004 – Media company Intertainment AG, Ismaning near Munich, and Los Angeles-based production company Kopelson Entertainment have mutually terminated their cooperation agreement effective February 11, 2004.
The mutual agreement to terminate was occasioned because of Intertainment’s cost-cutting requirements interfering with the production requirements of Kopelson Entertainment. Intertainment’s cost-cutting which was announced at the 2003 Annual General Meeting was necessary as a result of the ongoing legal proceedings against Franchise Pictures relating to fraudulently inflated budgets. The main hearing for the trial is scheduled to start on April 20, 2004.
Within the framework of Intertainment’s established cooperation with Kopelson Entertainment, Intertainment joins with Paramount Pictures to release the Kopelson production “Twisted” (formerly “Blackout”) with Ashley Judd, Samuel L. Jackson and Andy Garcia. The thriller directed by Philip Kaufman was produced by Arnold Kopelson, Anne Kopelson, Rüdiger Baeres and Linne Radmin and is due to be launched in US cinemas on February 27, 2004.
Contact:
Intertainment AG, Dr. Marietta Birner, Investor Relations, Osterfeldstrasse 84, D-85737 Ismaning, Germany
Tel.: + 49 (0)89 21699-0, Fax: + 49 (0)89 21699-11
Internet: www.intertainment.de, E-mail:
investor@intertainment.de