News reporting rephrased: Various media outlets cover various topics. - The Film and Media Foundation of North Rhine-Westphalia relocates to Cologne.
Cologne is home to some of Germany's biggest TV broadcasters, including WDR and RTL, a plethora of production companies, and creative agencies. According to Reker, every third minute of German TV is produced in Cologne. The city has long been attempting to lure the foundation there. As one of Europe's largest funding institutions for film and media, it acts as a draw for global media professionals who will now head to Cologne. The city will contribute 80,000 euros annually for the next three years to cover rental costs.
Established in 1991, the Film and Media Foundation NRW provides funding for various projects in the field of film, series, gaming, and radio. Its shareholders include the state of North Rhine-Westphalia, WDR, ZDF, and RTL. In January, Walid Nakschbandi took over for the long-time managing director, Petra Mueller.
