On March 31, 2023, the Annual General Meeting of Studio Babelsberg AG, Potsdam, approved the control and profit transfer agreement with Kino BidCo GmbH (Cinespace Studios) as the controlling company. The entry in the Commercial Register of the Potsdam Local Court, required for the agreement to take effect, was initially delayed by actions for rescission. The inter-company agreement was now entered in the commercial register on August 24, 2023 and thus became effective. The appropriateness of the compensation offered to the Studio Babelsberg minority shareholders and the annual compensation payment will be reviewed in appraisal proceedings.
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