The Freemantle Corporation receives backing from U.S. film financiers; Pelman appointed CEO

TORONTO - Veteran Canadian media exec Brad Pelman has been named CEO of The Freemantle Corporation after Demarest Films and Kilburn Media acquired investment stakes in the Toronto-based company.Financial terms were not disclosed in the announcement, which described the move as part of a larger, ongoing media build-out strategy for U.S. film financiers Demarest and Kilburn. Pelman, a former Maple Pictures and Alliance Films executive, also acquired an investment stake in Freemantle.“I am excited by the continuity and new growth opportunities that this equity investment provides”, said Randy Zalken, who will continue as president, in the news release. “With the...