Mediakraft Networks GmbH

“We’re one of Europe’s leading online TV channels.”

Constantin Stammen, Chief Financial Officer,
Mediakraft Networks Cologne, Germany

Sector

Online networks (video channel).

Corporate data

• Established: 2011

• Headquarters: Munich

• Other locations: Cologne, Hamburg, Berlin, Amsterdam, Warsaw, Instanbul

• Employees: approx. 180

• Executive management: Spartacus Olsson, Boris Bolz, Levent Gültan, Martin Liss, Constantin Stammen

Business activities

Operating online video networks on well-known platforms.

The Background

Mediakraft Networks GmbH produces, distributes and markets online video content, which is distributed via platforms such as YouTube, Spotify, Watch4 and its own websites. Sales are generated by marketing the contents and the artists, sharing the advertising income of its programmes and artists, merchandising and commissions. Despite large increases in sales in the past few years, Mediakraft Networks currently still does not make a profit. In total, the company reaches an average of 1.6 million viewers via its networks.

The requirement

Professional management of accounts domestically and abroad and smooth payment transactions are essential factors for the financial stability of the company. Apart from this, alternative business approaches should be shown, additional investors sought and, if applicable, shareholders should be supported when exiting the company.

The solution

Efficient solutions and innovative products help Mediakraft Networks GmbH to transfer payments quickly and keep an overview over all its accounts. This offers the company the possibility to process its worldwide payment transactions efficiently, transparently and reliably. It was possible to noticeably reduce expenses in the company with the aid of Commerzbank Cash Management and to improve liquidity.

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Cash Management

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