Everything about Intermedia Production Company totally explained
Intermedia is a film production company, wholly owned by
IM Internationalmedia AG.
The company mostly acts as a co-producer, funding films through the
IMF (
Internationale Medien und Film) funds.
History
The company was founded in 1995 as
Intermedia Film Equities in
London. Two years later, Intermedia began operations in
Los Angeles, as did
Pacifica Film Distribution, which would later merge with Intermedia.
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. That year it won a
Golden Globe for the film
Nurse Betty. In 2001, it acquired the Largo Film Library, and produced films such as
K-PAX and
The Wedding Planner.
In 2002, the company's films was nominated for 5
Academy Awards, picking up one for
Iris. The company was also nominated for 12 Golden Globes, winning 7 awards for
Adaptation,
Gangs of New York and
The Quiet American. It also acquired
Intital Entertainment Group.
In 2003, the company's product received 15 Oscar nominations, picking up one for Adaptation, 4 Golden Globes, and had 3 films shown at the
German Berlinale, with two films selected for the competition.
Tax Status
The company used to fund Intermedia productions, IMF, is 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're non-German productions or even if the film hasn't 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 However, it's important to note that this tax shelter is no longer applicable under German tax law.
Company Structure
Note: All subsidiaries are 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.
- T3 Productions Inc.
Selected films
The Wedding Planner
Nurse Betty
Basic Instinct 2
The Aviator
Alexander
Welcome to Mooseport
Adaptation.
The Quiet American
K-PAX
Enigma
Sliding DoorsFurther Information
Get more info on 'Intermedia Production Company'.
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