- guardian.co.uk, Saturday May 17 2008 00.12 BST
- The Guardian, Saturday May 17 2008
Metrodome, the Aim-listed film distributor whose releases include the Oscar-winning The Counterfeiters and Away From Her (with Julie Christie, who was nominated for an Oscar), has become majority owned by one of the largest entertainment companies in eastern Europe.
TV-Loonland is to sell a 50.1% stake in Metrodome to the Romanian-based MediaPro group in a deal valuing the company at £3.2m. Peter Urie - a former executive at Thomas the Tank Engine-owner Hit Entertainment - will remain Metrodome's chief executive.
MediaPro said the Metrodome deal helped it work towards one of its key goals of expanding into the rest of Europe. It said it would look out for further acquisitions in the media sector.
Metrodome can use MediaPro's network of studios and partner its distribution companies to give it a foothold in eastern Europe.
