With effect from 31 December 2023, Dr Carl "Charlie" Woebcken and Christoph Fisser have resigned from the Management Board of Studio Babelsberg AG at their own request and by mutual agreement. The Management Board of Studio Babelsberg AG now consists of Andy Weltman as Chief Executive Officer, Andre Bleeker as Chief Financial Officer and Ashley Rice as a member of the Management Board.

Andy WeltmanChairman of the Management Board of Studio Babelsberg AG:
"We would like to sincerely thank Charlie Woebcken and Christoph Fisser for their many years of loyal leadership and their significant contribution to the success of Studio Babelsberg. In the almost two decades of their work, they have confidently led the studio through good times and bad and significantly expanded Babelsberg's position as one of the world's leading film production locations. We wish Charlie and Christoph the very best for their future."

Ashley Rice, CEO of Studio Babelsberg AG and President & Co-Managing Partner, Cinespace Studios:
"We are grateful for the professional support of Charlie Woebcken and Christoph Fisser during the transition to the integration with Cinespace Studios. We are confident that with the current leadership team we will continue the successful history of Studio Babelsberg. As part of the global Cinespace family with a total of five locations - Toronto, Chicago, Atlanta, Wilmington in addition to Studio Babelsberg - we are ideally positioned to meet the demand for high-quality local and international content."

Charlie Woebcken and Christoph Fisser will continue to work in the industry as independent producers. Woebcken will also continue his political work at the Association of Technical Organisations for Film and Television (VTFF) and Fisser will continue to run Traumfabrik Babelsberg GmbH as an independent production company.

Background information:
Charlie Woebcken and Christoph Fisser took over the management of Studio Babelsberg in the summer of 2004 and took the company public in 2005. At the end of 2021, they sold their majority stake in Studio Babelsberg AG to TPG Real Estate Partners, the property investment platform of alternative asset manager TPG. In 2023, the integration of Studio Babelsberg into the global production platform Cinespace Studios, also owned by TPG, was announced. Cinespace Studios is one of the largest studio operators in the world with a total of 109 studios in Chicago, Toronto, Atlanta, Wilmington and Germany (via Studio Babelsberg).