Newen moves into Germany by taking majority stake in prodco Flare Film
Setpember 17, 2021
Congratulations to Martin Heisler! TF1 Group-owned Newen has taken a majority stake in Berlin-based prodco Flare Film, marking the French production group’s first move into the German market.
The acquisition of Flare Film follows a collaboration with the firm revealed recently and marks what Newen called “a new step” in its international expansion strategy. The group now has a presence in all major European markets, with Germany identified as a key market for the business moving forward.
Flare founder, president and CEO Martin Heisler will continue to run the group while also retaining a significant stake. “The film and TV market has never been as exciting as it is right now and becoming part of the Newen family is an important step for us to play a bigger role in the German market as well as in international coproductions,” said Heisler.