German conglomerate Leonine has acquired Hyperbole Medien, Bastian Asdonk’s Berlin-based television production company best known for its entertainment and non-fiction formats.
The deal, effective June 1, will see Leonine take full control of Hyperbole, producer of the award-winning documentary series. Germania and political talk show 13 Fragen (13 questions). The company mainly produces for German public broadcasters, including ZDF, ZDFneo, zdf.kultur, NDR, SWR and MDR as well as for corporate customers, including Sony Music, Red Bull and New Balance .
Financial details of the deal were not disclosed. Asdonk will continue as CEO of Hyperbole and be joined on the company’s board by Christian Meinberger, Leonine’s chief digital officer.
“[Hyperbole] has a clear profile, a passion for fervor and is a successful combination of innovation and high-quality forms of journalism. The creative team at Hyperbole is a great fit for us,” said Leonine CEO Fred Kogel. “Together, we will extend our existing IP with new formats and, through intermediaries, expand the reach of our content.”
Leonine adds Hyperbole to steadily growing TV and film production companies. The German studio, owned by the private equity group KKR, controls German television outfits i & u TV, Madame Zheng Production, Odeon Fiction, SEO Entertainment, W&B Television, as well as Wiedemann & Berg Film.