You will be redirected back to your article in seconds

Phoenix inks deal with Nova

Sony-based co to receive $460-500 mil for prod

Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company.

Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years.

According to Nova founder Reginald Puhl, the deal could avail Phoenix of $460 million to $500 million in production financing over the period.

Nova will executive produce three Phoenix projects a year in the $25 million-to-$75 million budget range. The German company will retain no rights to the films or ownership of the negatives, but it will benefit from the distribution revenues.

Phoenix has an all-rights output deal with Pioneer in Japan and a pay- and free-TV rights deal across Europe with Canal Plus, while Sony handles all other rights and territories worldwide.

The projects will be taken principally from Phoenix’s development slate, although Nova’s creative input is expected to be “significant.”

Nova and German realty and finance firm Hanseatische Anlage Treuhand Intl. (HAT) are raising the money together from groups of German private investors.

“This is a production service agreement where we stand to benefit from Phoenix’s people and their distribution agreements,” says Nova founder Puhl.

More Biz

  • ynon-kreiz

    Media Exec Ynon Kreiz Named CEO of Mattel

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

  • courtney braun

    Courtney Braun Named Head of Legal Affairs for Endeavor

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

  • Randall Stephenson

    AT&T-Time Warner Trial: Randall Stephenson Takes Stand and Defends Merger

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

  • Lucian Grainge

    Vivendi Prepping 'Potential' Stock Listing of Universal Music Group

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

  • Fauda Israeli TV Show

    Israel at 70: A Piece of Hollywood in the Middle East

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

  • Bob Iger Rupert Murdoch

    SEC Filing Reveals New Details on Disney-Fox Deal, and How Comcast Got Rejected

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

  • Beth MatthewsASCAP Pop Awards, Show, Los

    ASCAP Distributes $1 Billion to Members for the First Time

    Tit for tat: As Sony Pictures Entertainment establishes its first production outpost in Germany, German investors have responded by pouring money into a Sony-based production company. Germany’s Nova Entertainment has inked with Mike Medavoy and Arnold Messer’s Phoenix Pictures to fully finance nine Phoenix titles over the next three years. According to Nova founder Reginald […]

More From Our Brands

Access exclusive content