Congress Back In Action

After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles.

Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January.

The company is hoping to sell at least 35,000 units of each title, all of which are on extended play and priced at $9.95, says national sales manager Tracey Samson. There are higher expectation for “Stranger’s Kiss,” starring Peter Coyote and Victoria Tennant, and Harold Pinter’s “The Servant.”

Congress Video, being renamed Congress Entertainment, is being “revitalized” with financing from an investment group that also will help the company acquire tv product, per Burke.

He also says Congress is about to announce a deal with a major studio. “I saw that a company this size couldn’t survive without associating with a much larger company to feed the pipeline and finance product,” Burke says.

More Film

  • The Disney, Fox Deal Just Set

    The Disney, Fox Deal Just Set Off a Studio Arms Race

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

  • What Disney Bought in the Fox

    What Disney Bought: A Billion-Dollar Breakdown of Assets

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

  • Actor Dustin Hoffman poses for photographers

    Dustin Hoffman Accused of Exposing Himself to a Minor, Assaulting Two Women (EXCLUSIVE)

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

  • James Lachlan and Rupert Murdoch

    Disney Chief Bob Iger, Murdochs Reassure Employees, Tout Historic Deal

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

  • Sony Pictures Int’l Prods. Boards Pablo

    Sony Pictures Int’l Prods. Boards Pablo Trapero’s ‘La Quietud’

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

  • 48 Hours Remake

    '48 Hours' Remake in Development at Paramount With 'Good Time' Team

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

  • Variety’s Top Movies of 2017: Critics

    The Best Films of 2017

    After nearly a year of dormancy, Congress Video has undergone a “major financial restructuring” and plans to release 20 titles. Company chairman Rick Burke says Congress, whose financier was hit by bankruptcy last summer, sublicensed the pix from HBO last January. The company is hoping to sell at least 35,000 units of each title, all […]

More From Our Brands

Access exclusive content