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German International Finance Firm Goes Kaput! Which Means Not So Many Co-Financing Deals With the Fatherland

A German firm that wanted to create the cash flow that American companies thought they could eke out of Deutsche-speaking territories has gone belly up with some serious debtors looking for blood, including actor John Cusack cusack.jpg
and director Jan De Bontdebont.jpgInternationalmedia declared bankruptcy in Germany on Tuesday, leaving a handful of angry debtors. The company, looking to save face, blamed its problems on the financial woes of financier David Bergstein.

Variety says: Internationalmedia was hit hard last year by the cancellation of Jan De Bont’s “Stopping Power,” an action pic that was set to star John Cusack and shoot in Berlin but was abruptly shut down after financing fell through.

The production was taken over by L.A.-based R Media, another company linked to Bergstein.

In July, Cusack sued Internationalmedia for $5.6 million for unpaid wages; the company dismissed the claim, saying R Media was now liable for the entire production

Unfortunately, the entire episode was all too reminiscent of an earlier German meltdown in the hundreds of millions surrounding a company called Intermedia in the earliest parts of this century.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.