The supervisory Board of TV Loonland AG announced the appointment of Simon Flamank as the new ceo of TV Loonland. Flamanks appointment follows the departure of former ceo Selma Kappel, who leaves the company following a disagreement with the supervisory board about the future development of the company.
Flamank joins TV Loonland having worked for the last 20 years in the entertainment industry. Previously Flamank has been ceo of Prism Leisure Corp. plc, cfo of The Telstar Ent. Group plc and a vp of CIC Video International BV. During the last 18 months, he has worked on various turnaround assignments in the U.K. within the entertainment industry, most recently as a consultant of TV Loonland.
As part of a corporate stability program, Flamank announced that meetings have now taken place, which have led to a mutually agreed deal between the company and its largest shareholder Aktieninvestor.com AG/Dr. Michael Briem.
As a result all of the various legal actions between the company and its largest shareholder that have characterized TV Loonlands public image for the last year, and led to an internal corporate inertia, will cease and it is hoped that Dr Michael Briem will now accept an appointment on the supervisory board of the company.
As a consequence of these recent announcements the Annual Accounts Press conference for 2005, which were due to be published on March 31, 2006, will be held over until the end of April in order to reflect these changes and allow for a new management team to be properly constituted.
TV-Loonland (www.loonland.com) is an integrated media company and counts among the leading international producer/distributors of animation for children, youth and families. With its own development teams and production facilities in Continental Europe, Great Britain and the U.S., a comprehensive rights catalog as well as a worldwide operating distribution team, TV-Loonland has today become a world leader among the independent majors in the industry.
Rick DeMott
Animation World Network
Creator of Rick's Flicks Picks
