News

Relativity and EuropaCorp Announce US Distribution and Marketing Joint Venture

Source:   Relativity Media, EuropaCorp
February 21, 2014


Relativity Media and EuropaCorp announced today the companies have formed a new U.S. distribution and marketing joint venture to support both Relativity's and EuropaCorp's U.S. distribution for their respective film slates.

Under the terms of the deal, EuropaCorp will pay approximately $130 million, anticipated to be paid over a six year timeframe, for a 50 percent stake in the joint venture. Relativity will own the other 50 percent. Each company will exclusively use the services of the joint venture and will directly distribute its own films. Building upon the success of Relativity and EuropaCorp's previous co-production partnership, each company will also have the opportunity to co-produce and co-finance each other's future films under the new agreement. The joint venture will be overseen by Tucker Tooley, President of Relativity, and Christophe Lambert, CEO of EuropaCorp.

Ryan Kavanaugh, CEO of Relativity, said: "We are excited to expand our successful relationship with EuropaCorp through the formation of this joint venture. In partnership with EuropaCorp, we will be able to more fully utilize the strength of our distribution and marketing abilities, even as we continue to expand our own film production. Together we share a vision focused on producing enthralling content in a profitable fashion."

Christophe Lambert, CEO of EuropaCorp, said: "We are delighted to create this joint venture with Relativity, having already experienced the team's expertise and deep knowledge of the U.S. market. This strategic partnership is a major step forward for EuropaCorp that allows us to fully control our distribution in the U.S. and maximize the visibility for our films."

In 2010, Relativity acquired Overture Films' distribution network and operations, upon the assumption of liabilities, when Starz LLC ceased motion picture distribution. Relativity subsequently built the operation into a world-class platform capable of distributing a wide-range of films including Relativity's slate of 8-13 moderately budgeted movies per year. The joint venture will have no impact on Relativity's other business entities.

The two companies' previous relationship led to the co-production and co-financing of Luc Besson's comedic action film The Family and 3 Days to Kill, and the upcoming film Brick Mansions, which Relativity is distributing in 2014. These films join Relativity's own diverse portfolio of movies slated for worldwide release in the coming year, including Earth to Echo, Oculus, Jane Got a Gun, the currently titled Blackbird, and acclaimed author Nicholas Sparks' The Best of Me his third film with Relativity.


| 0 comments | Add a comment

From Around the Web

comments powered by Disqus
Latest Headlines:

WonderCon: New Batman Beyond Animated Short Continues 75 Year Celebration
WonderCon: More Cosplay Photos From the Convention!
WonderCon: Check Out a Clip From Star Wars Rebels!
Hayden Panettiere Not Returning for Heroes Reborn?
100 More Photos From WonderCon 2014!
Spider-Man Producer Says Avengers Crossover is a Last Resort
Patrick Stewart Teases a Potential Return for X-Men: Apocalypse
The First Cosplay Photos From WonderCon 2014!
Saturday Night Live to Celebrate 40th Anniversary on Feb. 15, 2015
Check Out the Quidditch-Like Sport in How to Train Your Dragon 2
New Footage From Godzilla Debuts in Latest TV Spot!
WonderCon: Man-Bats Attack in New Son of Batman Clip
The Full Trailer for Ryan Murphy's The Normal Heart
Octodad: Dadliest Catch Hits PlayStation 4 on Tuesday
The Star Wars News Roundup - 4.18.14
First Official Photos From Macbeth, Starring Michael Fassbender and Marion Cotillard
The New 4v1 Teaser Trailer for Evolve
Godzilla Director Gareth Edwards on Taking the Film Seriously

Follow ComingSoon.net on Twitter
MOST ACTIVE
From our partners