Intermedia (company)

Intermedia Films was a film production company, wholly owned by IM Internationalmedia AG.

Intermedia Films
TypePublic limited company
IndustryFilm
Founded1991 (1991) (as Intermedia Film Equities)[1]
1996 (1996) (as Intermedia Films)
FounderNigel Sinclair
Guy East
HeadquartersLos Angeles, California, U.S.
OwnerIM Internationalmedia AG
Number of employees
11-50
Websiteinternationalmediaag.com

The company mostly acted as a co-producer, funding films through the IMF (Internationale Medien und Film, German for "International Media and Film") funds. As of 2012, Intermedia's library was owned by Ron Tutor and David Bergstein. InterMedia had at some point became IM Global.

History

The company was founded in London in 1991 as Intermedia Film Equities.[1] Two years later, Intermedia began operations in Los Angeles, as did Pacifica Film Distribution. The two companies merged in 2000.[2]

Its first success of note was Sliding Doors, starring Gwyneth Paltrow, opened the Sundance Film Festival.

In 2000, parent company IM Internationalmedia AG held an initial public offering of its stock on the New Market.[3] In 2001, the company acquired the library of Lawrence Gordon's studio, Largo Entertainment.[4]

Tax status

The company used to fund Intermedia productions, IMF, was a tax shelter under German law. The taxation laws of Germany allow investors to claim an instant tax deduction on film productions, even if they are non-German productions or even if the film has not gone into production. This allows the producers to make instant profit, for example, by selling the copyright for around $160 million, and then buying them back for $149 million, the producers have made a profit of $11 million. However, it is important to note that this tax shelter is no longer applicable under German tax law.

Company structure

Note: All subsidiaries were 100% wholly owned of the parent.

  • IM Internationalmedia AG
    • IM Filmproduktions-und Vertriebs GmbH & Co. KG
    • Pacifica Film Distribution LLC
    • Pacifica Film Development Inc
    • Intermedia Film Equities Ltd
      • Intermedia Film Distribution Ltd
      • Intermedia Music Ltd
      • Intermedia.com Ltd
      • MEI Filme Ltd.
    • Intermedia Film Equities USA Inc
      • Intermedia Distribution Inc.
      • Intermedia Music Inc.

Selected films

References
  1. Petrikin, Chris (March 9, 1997). "Goodman signs on with Intermedia". Variety. Retrieved May 19, 2020.
  2. Dawtrey, Adam (March 29, 2000). "Intermedia, Pacifica cap merger, plan IPO". Variety. Retrieved May 19, 2020.
  3. Dawtrey, Adam (May 18, 2000). "Intermedia a billionaire after stellar IPO launch". Variety. Retrieved May 19, 2020.
  4. Dawtrey, Adam (March 11, 2001). "Largo library to Intermedia". Variety. Retrieved May 19, 2020.
  5. "Terminator 3: Rise of the Machines". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  6. "The Wedding Planner (2001)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  7. "Nurse Betty (2000)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  8. "The Aviator (2004)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  9. "K-19: The Widowmaker (2002)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  10. "Alexander (2004)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  11. "Adaptation. (2002)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  12. "The Quiet American (2002)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  13. "K-Pax (2001)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
  14. "Sliding Doors (1998)". AFI Catalog of Feature Films. Retrieved May 19, 2020.
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