Canal+, Pathe added to list of int'l partners
Adding a major piece to its growing network of overseas distribution partners, Mandalay Pictures has inked a four-year output deal with Canal Plus and Pathe.
C+P, a joint venture between the two European entertainment congloms, will distribute all Mandalay films in France, the U.K. and Belgium/Luxembourg through 2001.
It’s estimated the deal will be worth between $175 million and $200 million if Mandalay achieves its production target of four films per year.
The pictures will go out theatrically through Pathe in the U.K. and France. Mandalay’s films were previously distributed in the U.K. by Entertainment.
“It is with great pleasure that we welcome Canal Plus and Pathe into the Mandalay family of distribution partners,” said Mandalay president Adam Platnick. “For an independent company like ours, it’s very strategic to have partners of this strength and size.”
C+P was formed in 1997 by entertainment powerhouses Canal Plus and Pathe. The company acquires rights to international films for distribution in all media throughout Europe. In its first year, C+P has acquired Chen Kaige’s “Ch’in,” Mike Leigh’s as-yet untitled upcoming film and Steve Miner’s “Lake Placid.”
Mandalay was represented in the transaction by Summit Entertainment’s Patrick Wachsberger and Bob Hayward.
The company joins Mandalay’s other foreign partners, which include Constantin in Germany, TriPictures in Spain, Nippon Herald in Japan, Cecchi Gori Group in Italy and Village Roadshow in Australia.
In March, Mandalay signed a financing and distribution deal with Paramount under which the studio distributes Mandalay’s films in North America and certain foreign territories.
Films on Mandalay’s development slate include an untitled love story to be directed by Oliver Stone; “The Score” from “The Mask” helmer Chuck Russell; Jean-Jacque Annaud’s “Enemies at the Gate”; and “The Jacket,” directed by Marc Rocco.