KOELMEL'S CHARGED Kinowelt exec accused of embezzlement

Meza, Ed
January 2004
Daily Variety;1/13/2004, Vol. 282 Issue 11, p50
Trade Publication
Reports on the embezzlement charges faced by Kinowelt executive Michael Koelmel in connection with the insolvency of the distribution/production company he founded with brother Rainer Koelmel in Germany. Takeover bid of the siblings for the insolvent firm; Allegations of the Munich District Attorney's Office on Michael; Collapse of Kinowelt after a number of major film and sports rights investments failed to turn a profit.


Related Articles

  • Fate date set for Kinowelt creditors. Meza, Ed // Daily Variety;12/9/2002, Vol. 277 Issue 45, p9 

    Reports on the meeting of financial backers of former toppers Michael and Rainer Koelmel with creditors of the Kinowelt film group in Berlin, Germany. Questions on the plans of Sparkasse Leipzig in backing the Koelmels for the takeover of the company; Implications of the withdrawal of the...

  • Fraud trial targets Kinowelt co-founder. Meza, Ed // Daily Variety;4/15/2004, Vol. 283 Issue 8, p5 

    Reports that Kinowelt co-founder Michael Koelmel is on trial for breach of trust, fraud and obstructing insolvency proceedings in connection with the bankruptcy of the company in Berlin, Germany. Allegation that he misappropriated some $24 million at the cost of company creditors and...

  • A FRENCH FOOTHOLD. Kirschbaum, Erik; Hopewell, John // Daily Variety;1/18/2008, Vol. 298 Issue 10, p6 

    The article reports on the acquisition of German producer-distributor Kinowelt by StudioCanal, a French production and distribution company, for an estimated €90 million. The founders of Kinowelt, Michael Koelmel and Rainer Koelmel, will remain at the company. StudioCanal chairman Olivier...

  • Kinowelt USA cruises with 'Cap'n' Lyons, Charles // Daily Variety;11/20/2000, Vol. 269 Issue 56, p9 

    Reports the financing of Kinowelt USA for the production of the motion picture 'Cap'n Ricky...Also Featuring Carl,' by Mark Perez in Los Angeles, California. Amount allotted by the production company; Executive producers of the movie; Storyline of the film; Screenplays written by Perez.

  • TO BREACH HIS OWN. Kinowelt founder indicted in bankruptcy. Hofmann, Katja // Daily Variety;7/10/2006, Vol. 292 Issue 4, p12 

    The article reports that Kinowelt co-founder and owner Michael Koelmel has been indicted by a public prosecutor in Munich, Germany on 21 cases of breach of trust, two cases of bankruptcy and one case of obstructing insolvency proceedings. The charges relate to Kinowelt's bankruptcy in 2001 which...

  • KIN'S KINOWELT KINKS. Meza, Ed // Daily Variety;11/25/2002, Vol. 277 Issue 36, p6 

    Reports that the insolvency administration of German film group Kinowelt Medien AG has set a deadline on the takeover offer of Michael and Rainer Koelmel and their financial backers. Details of the takeover bid; Estimated value of the takeover.

  • BROTHER IN BUSINESS/ Koemels finally wrap Kinowelt acquisition. Meza, Ed // Daily Variety;1/22/2003, Vol. 278 Issue 15, p11 

    Reports on the acquisition of Kinowelt Medien by Michael and Rainer Koelmel in Berlin, Germany. Amount infused by the brothers for the core business; Details on the takeover bid; Information on the holding company.

  • PAIR REGAINS KINOWELT HELM.  // Daily Variety;8/12/2002, Vol. 276 Issue 49, p3 

    Reports that former chief executives Michael and Rainer Koelmel had regained control of Kinowelt Medien AG after outbidding an attempted management buyout in the United States. Implications of the development; Criticisms against Kinowelt Home Entertainment managing director Jerry Payne; Reason...

  • Loelmels fight on against takeover bid . Meza, Ed // Variety;7/22/2002, Vol. 387 Issue 9, p8 

    Talks about the termination of Rainer and Michael Koelmel from film producer Kinowelt Medien AG in Germany, after the announcement of an approved media buyout by creditor banks, as of July 11, 2002. Launch of Neue Kinowelt Medien, a holding firm; Amount of the fraudulent transactions between...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics