MADD Entertainment has responded to the recent ruling from Türkiye’s competition authority about its ownership structure: “This is a shareholder-level requirement and does not affect MADD’s day-to-day operations,” the company said.
Rekabet Kurumu, Turkey’s competition regulator, had investigated production outfits Medyapim and Ay Yapim over competition concerns regarding their joint distributor, MADD Entertainment. As part of the settlement, Ay Yapim has been hit with a 75.8 million lira fine, with Medyapim having to pay 47.8 million lira. The companies resolved to dissolve or divest from MADD and agreed to no longer engage in joint distribution activities.
“MADD continues to operate as usual and will remain fully active throughout this period,” the company said. “All content currently licensed and distributed by MADD will continue to be handled in the same manner, and all existing commercial relationships will proceed without interruption.”
As the new shareholding structure is finalized, “MADD will operate with an independent management structure and on an arm’s length basis with its shareholders while carrying out all its business as usual.”
“We would like to reassure you that this development does not require any action on your side and does not impact existing or future agreements. Your usual contacts at MADD remain unchanged and all work continues as planned.”
