EXCLUSIVE: Will Smith and Jada Pinkett Smith’s Westbrook Inc. has acquired full control of German film and TV firm Telepool, including the 50 percent stake previously owned by Swiss financier Elysian Invest.Westbrook takes full control from Elysian and The Smith Family Circle, Will and Jada Smith’s family office.
The transaction gives Westbrook full control of the German licensing and distribution company and all of its subsidiary entities.Telepool, one of Germany’s leading film distributors, will fall under Westbrook’s newly-formed Westbrook International banner with Jan Frouman, CEO of Telepool, newly tapped as President of Westbrook International effective immediately.Frouman will continue to oversee Telepool’s operations and is being tasked with driving growth of Westbrook’s portfolio outside the U.S.
with “dramatic expansion” on the agenda. The respected TV industry vet joins Westbrook a decade after launching and serving as Chairman and CEO of super indie Red Arrow Studios.We are told that the Telepool brand and operations will continue and that the deal won’t lead to any staff departures.Will Smith and German-Swiss filmmaker Marc Forster had initially taken 50% each in the company back in 2018.
We understand that Forster exited Elysian Fields a while ago.Telepool holds the German distribution rights to Smith’s recently-released Oscar contender King Richard, produced by Westbrook for Warner Bros.
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