Gotham-based Redeemable Features has formed a strategic alliance with publisher Henry Holt and Co. to produce films based on novels published by Holt.
Holt is a unit of Verlagsgruppe Georg Von Holtzbrinck GmbH, a privately held publishing and media company that also owns Farrar, Strauss and Giroux, St. Martin’s Press and the Macmillan Group U.K.
According to Redeemable and Henry Holt, their agreement marks the first time that an independent film produc-tion company will have direct access to a pipeline of quality literary material. “We are hoping this alliance will en-able us to efficiently identify and source potential motion picture projects and writers in ways that have never been tried before,” said Redeemable partner Peter Newman.
The first project sourced through the new alliance is Geoffrey Douglas’ “Game of Their Lives,” which chronicles the true story of the U.S. soccer team’s win over world champ England in the 1950 World Cup.
The pact formalizes an existing relationship between Henry Holt and Redeemable principals Newman, Ira Deutchman and Greg Johnson, who are collaborating with such Holt authors as Paul Auster, Colum McCann and Francine Prose. Among the projects on Redeemable’s slate is an adaptation of Auster’s novella “The Locked Room” with RKO Pictures and Fine Line Features.
Henry Holt’s roster of authors also includes Harold Brodkey, Sue Grafton, Thomas Pynchon, Salman Rushdie and Kurt Vonnegut. The Redeemable agreement does not automatically extend to these authors, nor does it supersede any existing arrangements between Holt authors and other film production companies.
Redeemable Features was founded by Deutchman in 1994 after stepping down as president of Fine Line Features. Last week, “Smoke” producers Newman and Johnson announced they would team with Redeemable when Deutchman’s first-look agreement with New Line Features ends Feb. 1. The Holt alliance is the first deal com-pleted under the new banner.
Under the deal, Holt will have exclusive first right to publish any screenplays or other books based on Holt publi-cations produced by Redeemable. Tony Vitale’s “Kiss Me Guido,” a co-production between Deutchman and Chris-tine Vachon, is the first Redeemable feature.