The insolvent TV-Loonland AG is now prepared to start the sales process of its assets (movies) in a structured process run by KPMG. Following the information of the preliminary insolvency administrator, the Munich attorney Dr. Wolfgang Ott, the focus lays on the realisation of the company’s assets (movies), including i.e. Pettersson and Findus, Cramp Twins, Raymond or The Owl, and further still ongoing productions. It seems to be rather unlikely to sell the entire business operation to an investor.

The preparations where difficult, because the information and documentation necessary for the sales process first had to be concentrated and cleared from the different locations of TV Loonland AG, namely London, Paris and Munich (Unterföhring). However, this has nearly been finished by now. Those interested parties already known to the seller will receive the information necessary for beginning the sales process in the very next days. Other interested parties are invited to obtain information by KPMG via email: De-project-fairytale@kpmg.com.

The transfer will last at least until the end of March 2010 and start only after the commencement of the insolvency proceedings. It is deemed to have the commencement of these proceedings early March 2010.