SEE 1998 - Brought amateur version of Star Trek & Titanic to germany, with a total loss of 60 mio. €

While trying to get more answers about SEEs Michael Jackson Project...I stumbled across this. Holy sh!t.

Its in german, but it shows what Martin Biallas of SEE Gloabl Entertainment ("Special Entertainment Events" back then) and responsible for Planet Michael Jackson, did to some (stupid) german politicians regarding amatuer versions of Star Trek and Titanic.

http://www.welt.de/print-wams/article120708/Verfahren-gegen-Ex-Messechef.html


In short :
German guy "Hartmut Krebs", state secretary in the Department of Commerce and his chief financial officer "Jurgen Schroer", made some deals with Mr. Biallas about amateur versions of "Star Trek" and "Titanic" (1998), using amateur actors, going on world tour with this project. @_@

Biallas : "I can not held beeing responsible for the possible econmic risk" *tadaaa !*

The "projects" failed fast and "Hartmut Krebs" and his friend had made a loss of 60 million Euros by then, and was taken to county court in Duesseldorf (2005) by his ex-employer, to pay a compensation of 8 million Euros, because they could have warned about such huge losses way earlier.

Thats it for now, too tired to google on...maybe more of it tomorrow :)

 

Exactly, but...

SEE only payed the 1st of 6 installments a 1 million $.
Then, because of swedish law, MA got Calypso back (wasnt easy) and
sold it to its own playerbase instead. (CLDs)

 

You mean, Martin Biallas did it again ?

 

Nah, that was supposed to be their german HQ...also would be used to invite guests from the Games Convention and stuff.

An estimated loss of : 845.000 Euro

Bought for 195.000 Euro (2006)
Renovated for 1.150.000 Euro
Sold for 500.000 Euro (2013)