1965, Bertelsmann Publishing became the majority shareholder of Constantin. They attempted to increase output without increasing investment that resulted in the demise of many of the studio's popular film series, investment in sex films, and a stronger emphasis on releasing films from other nations rather than shooting their own. Bertelsmann sold its shares in 1969. The "old" Constantin Film GmbH was eventually declared bankrupt in October 1977. New Constantin Founded in 1979 by Bernd Eichinger, with Bernd Schaefers, as Neue Constantin Film after acquiring the assets of the bankrupt "old" Constantin Film GmbH the previous year, Constantin Film developed into the first German film distributor with its own production company in just six years, with production activities extending to the international market. In 1986, the Kirch Group (at the time Europe's biggest film and TV license traders) acquired a minority stake in Neue Constantin Film. Eichinger retained one of the company's leading executives and a major shareholder to his death in 2011. In the following years, Constantin Film fixed its position on the international movie market by establishing various production subsidiaries across Europe in 1996. At the end of the 1990s, Constantin Film acquired majority stakes in the film production companies Olga Film GmbH, Engram Pictures and MOOVIE GmbH. In September 1999, the company then went public on the German stock market as Constantin Film AG. Deutsche Börse placed the Constantin Film share on the selection index Nemax 50 in March 2000. Constantin Film AG founded Rat Pack Filmproduktion GmbH with producer Christian Becker and his team in 2001. The Swiss Highlight Communications AG (a strategy and finance holding with the operative segments of film and sports and event marketing) acquired 23 percent of the capital stock of Constantin Film AG from Kirch Beteiligungs GmbH und Co. KG and from diversified holdings for the first time in 2002. In 2003, the board of Constantin Film AG embarked on a new strategic path for the company: the traditional business areas of production and distribution were expanded to include the three areas of license trading, home entertainment exploitation and increased TV service production (especially TV entertainment). Constantin Film AG also acquired 61 percent of the shares in KirchMedia Entertainment GmbH (now renamed Constantin Entertainment GmbH), one of the market leaders in German show and entertainment production. The stake was increased to 100 percent in 2005. At the end of 2009, the listing