Since the early eighties, Ulrich Felsberg has produced and co-produced more than 50 films. His feature credits include eight films directed by Wim Wenders, amongst them The Million Dollar Hotel, which received the Berlin International Film Festival's Jury Grand Prize Silver Bear award in 2000, and Buena Vista Social Club, for which Felsberg received The European Film Award in 1999. In 2000 Felsberg was nominated for an Academy Award for Buena Vista Social Club. He has also co-produced Michelangelo Antonioni's and Wim Wenders's Beyond the Clouds. Felsberg's producer credits include six Ken Loach films, among them Land and Freedom, which received The European Film Award in 1995. He has worked with directors such as Tomás Gutiérrez Alea, Stephen Frears, Gerardo Herrero, Robert Lepage, Paul McGuigan, Pat Murphy, Manuel Gómez Pereira, Carlos Saura, Julien Temple, and Juanma Bajo Ulloa.

Among Felsberg's recent projects are Sweet 16, directed by Ken Loach, and Ten Minutes Older, a project consisting of two compilation features by 15 prominent directors about the subject of time, as well as Bend it Like Beckham, directed by Gurinder Chadha, and, in 2003, Ken Loach's new project Ae Fond Kiss. Felsberg serves on the elected 12-member board of The European Film Academy; in 1999 he became a member of the board of the Ateliers du Cinema Européen (ACE) and the British Academy of Film and Television Arts (BAFTA). Since the beginning of 2001 he has been a board member of the German Producer Association Film 20.