The PANTAFLIX AG held its 2024 Annual General Meeting on 26 August. The shareholders approved all of the resolutions proposed by the management with large majorities and ratified the actions of the Executive Board and Supervisory Board. The most important items on the agenda included the election of the entire Supervisory Board and the supplementary request by BlackMars Capital GmbH to expand the object of the company and to change the company's name.
Stephanie Schettler-Köhler, CEO of Pantaflix AG, summarised the company's developments in the 2023 financial year. Particular attention was paid to the great future potential of the proprietary AI workflow developed in-house to produce a variety of different film and series formats and thus contribute to better scalability of the business model.
Stephanie Schettler-Köhler, CEO of PANTAFLIX AG: "In the 2023 financial year, we successfully focused on our strengths in film and series production while continuing our pioneering work in the development of innovative AI workflows. By using artificial intelligence, we can realise creative ideas faster and more efficiently. With our subsidiary Storybook Studios GmbH and our first format SPACE VETS, we are at the forefront of this development and expect it to significantly strengthen our competitive position."
At the Annual General Meeting, the shareholders also voted in favour of expanding the company's purpose beyond the entertainment and creative industries and changing the name of the company, which will be called PAL Next AG in future once it has been entered in the commercial register.
"The expanded corporate purpose gives us greater scope to tap into new, high-growth markets and business areas. This will enable us to make the company even more stable and resilient and to secure and strengthen our long-term competitiveness by investing in promising and innovative business models. With the expansion of the company's purpose, a new company is required that reflects the breadth and diversity of our future business activities," Stephanie Schettler-Köhler continued.
The shareholders also elected a new Supervisory Board on a rotating basis. In addition to the existing Supervisory Board members Marcus Machura and Kerstin Trottnow, Nicolas Paalzow was newly elected to the Supervisory Board. At its constituent meeting following the Annual General Meeting, the Supervisory Board of PANTAFLIX AG elected Marcus Machura as Chairman of the Supervisory Board and Kerstin Trottnow as Deputy Chairman of the Supervisory Board.
