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Germany: Tele München acquires stakes in Storied Media Group
German based Tele München Group (TMG) has acquired a stake in Storied Media Group, the US-based rights brokerage and production house founded by CEO Todd Hoffman three years ago.The investment will fuel Storied Media Group’s rapid growth as it stays focused on its mandate of serving high end publishers in Hollywood with its “agency-agnostic” business model. This will be an active investment, as the two companies will also look to build multiple international co-production opportunities in film and television together.
‘I’m looking forward to their help in our continued expansion. TMG is the perfect strategic partner for Storied Media Group as we enter this next phase of our development’, commented Hoffman.
And added Herbert L. Kloiber, MD of TMG: ‘The investment in Storied Media Group follows TMG’s strategic diversification into international co-production opportunities. We are excited to help grow Storied Media Group and to strengthen our local and international portfolio at the same time’.