A deal for TV Loonland is likely to be announced before the end of the year.
CEO Simon Flamank is leaving the German kids TV producer and distributor in November after an extraordinary general meeting of shareholders, and he told TBIvision that Loonland could be acquired or partner with another company by that point.
Flamank has restructured Loonland, selling out of Metrodome and offloading most of its library, clearing a large chunk of debt and overseeing the launch of successful titles including Little Princess.
“TV Loonland is in a very different place to when I joined,” Flamank said. “We’ve brought a number of brands to market and now it has to be decided by the shareholders what happens going forward. We’ve done what we’ve done on a shoestring and done it well and now there has to be a decision whether to keep going it alone or go with one of the numerous people who have said they want to acquire or partner with the business. The company has become hugely attractive and there will be a statement before the EGM”.