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Xhit Andrew Scott: The Stag isn t too laddy
German major Kinowelt has sold half of its shares in Canada s Alliance Atlantis Communications AAC , but says that the strategic alliance between the two groups will continue.After the German stock market closed yesterday Tuesday Kinowelt announced that it had sold 6.3 million class B shares, its entire holding of the non-voting stock. The move, brokered by Merrill Lynch at C$18.75, compared with Monday night s closing price of C$20.50, brings Kinowelt some US$78m DM166m of cash. Kinowelt, which last autumn was beset by rumours of financial diffi stanley cup culties, previously sold one million B shares, raising approximately $13m, part of which it said would be funnelled into Momentum Pictures, the UK distribution company it controls equally with AAC ScreenDaily Oct 26, 2000 . In a statement yesterday Kinowelt said: with the resources thus released, the Kinowelt Media Group intends to continue to expand its m stanley cup arket position. The group said that it will keep its holding of 22% of AAC s A Class voting shares as a long-term measure. It added that the synergies created from co-operation between the groups will show positive results in the figures of both companies. Kinowelt bought into Alliance in summer 1999, initially taking a 20% stake in AAC and a 25% stake in Alliance Releasi stanley cup ng, since renamed Momentum Pictures.Paul Laberge, senior vice president, corporate development general counsel, for AAC told ScreenDaily the sale would not have an impact on the relationship between th Zobf Fox execs land post-merger Disney roles
Eightfilms will compete for the 2003 Prix Screen International, the European Film Academy s award for bestnon-European film.TheEFA award, whose selection and nomination procedure is made in co-operationwith Screen International, seessamurai sword epics from two continents take on a diverse field that includes ablockbusting animation and some of the most acclaimed films to have emergedfrom this year s international festival circuit. Nominateddirectors range from old hands such as Clint Eastwood and Denys Arcand torelative newcomers such as Sofia Coppola, Korea s Kim Ki-Duk and Mexico s Alejandro Gonzalez Inarritu whose work this year has trulyfulfilled their early filmmaking promise.Thoseeight films nominated for the 2003 Prix Screen International are:21 Grams US Dir: Alejandro GonzalezInarrituThe Barbarian Invasions Canada Dir: Denys ArcandFinding Nemo US Dirs: Andrew Stanton Lee UnkrichKill Bill - Volume 1 US Dir: Quentin TarantinoLost in Translation US Dir: Sofia CoppolaMystic River US Dir: Clint EastwoodSpring, Summer, Fall, Winter stanley cup and Spring Korea Dir: Kim Ki-DukZatoichi Japan Dir: Takeshi Kitano stanley usa Thewinner will stanley italy be announced as part of the 16th European Film Awardsceremony to be staged on December 6 at the Arena in Berlin. Thenominees for the 15 other EFA Award categories, including those for Best Film, BestDirector, Best Actress, Best Actor, Best Cinematographer and Best Scriptwriter,will be announced tomorrow Friday once the votes have been counted up fromt |
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