Cinespace Studios has made leadership changes at German studio Babelsberg, including former Pinewood International Executive Vice President Andy Veltman as co-CEO and co-president.
Weltman, a veteran of the Hollywood business, was also Managing Director of APA International, where he oversaw the UK and European operations of the US talent agency. Weltman, Ashley Rice, Co-Managing Partner and President of Cinespace, and Andre Blecker, CFO of A&O Hotels and Hostels Germany will also join CEO Carl L. Wobken and COO Christoph Fischer in leading the German film studio through its board of directors. .
Marius Schwartz, former CFO of Studio Babelsberg, resigned on June 30, 2022 and will continue as a consultant to the studio. And Ty Warren, former head of global production at Netflix and recently installed on Cinespace’s board, joins Studio Babelsberg’s supervisory board members Michael Abel and Maria Terzini.
Warren replaces Matthias Platczek, who resigned for personal reasons. The management overhaul of Studio Babelsberg, which owns the majority of Cinespace, aims to bring the German film studio closer to its Toronto-based parent company, after Cinespace was acquired by US firm TPG Real Estate Partners.
“With its unique heritage and the extended reach of the Cinespace platform, Studio Babelsberg is well positioned to continue to attract world-class productions to Germany and create significant job growth and economic benefits for the film and television production sector as well. German.” Potsdam region,” Veltman said in a statement on Friday.
In January 2022, TPG concluded a deal to take majority control of the European studio complex to expand Cinespace’s studio network amid a boom in streaming content.
Woebecken and Fiser hold minority stakes in the Potsdam-based studio complex, which is the country’s largest film studio and has worked for Hollywood stars such as Steven Spielberg. bridge of spiesWes Anderson Grand Budapest Hotel and Quentin Tarantino Inglourious Basterds.
Source: Hollywood Reporter
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