German mini-major Leonine has acquired Hyperbole Medien, Bastian Asdonk’s Berlin-based television production company known for its non-fiction and entertainment formats.
The deal, which will take effect on June 1, will see Leonine take full control of Hyperbole, producer of award-winning documentary series Germany and political talk show 13 Fragen (13 Questions). The company primarily produces for German public broadcasters including ZDF, ZDFneo, zdf.kultur, NDR, SWR and MDR, as well as corporate clients including Sony Music, Red Bull and New Balance.
Financial details of the exchange were not disclosed. Asdonk will remain chief executive of Hyperbole and will be joined on the board by Christian Meinberger, chief digital officer of Leonine.
“[Hyperbole] has a clear profile, a sense of the times and is a successful mix of innovation and high quality journalistic formats. Hyperbole’s creative team is a great fit for us,” said Fred Kogel, CEO of Leonine. “Together we will extend our existing IP with new formats and, cross-media, extend the reach of our content.”
Leonine adds Hyperbole to its growing stable of television and film production companies. The German studio, owned by private equity groups KKR and Atwater Capital, already controls German TV channels i&u TV, Madame Zheng Production, Odeon Fiction, SEO Entertainment, W&B Television, as well as Wiedemann & Berg Film.