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RTV and Nelvana cancel output deal

Germany's struggling RTV Family Entertainment – which in recent months has shed a variety of assets to maintain business – has negotiated cancellation of its output deal with Canadian producer, Nelvana.

Both companies will stop their mutual output deal with immediate effect, bringing the termination date forward from the end of this year.

RTV had planned to acquire five series from Nelvana in 2002 with Nelvana taking two in return. Under the terms of the deal this would have 'resulted in a negative cashflow for RTV of more than
US$3million,' a company spokesperson said.

In return for cancellation Nelvana gets back the rights to 15 series which had previously been controlled by RTV.


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