ROME — Veteran Italian acquisitions exec Faruk Alatan has ended his 16-year relationship with the Cecchi Gori Group to join leading national distrib Medusa and its sister company, TV rights division Mediatrade, as senior film acquisitions adviser.
While no official announcement has yet been made, the move was confirmed Tuesday by Medusa/Mediatrade and Alatan, indicating his first market appearance in the new position will be at the Mip TV tradeshow in Cannes next week.
Alatan will serve as an exclusive external consultant to the Silvio Berlusconi-owned companies, similar to his role at Cecchi Gori. He will report to Medusa president Carlo Bernasconi and Mediatrade president Roberto Pace. Medusa acquisitions exec Clare McArdle will continue as part of the team headed by Alatan.
Medusa muscled up
His arrival will further strengthen the buying muscle of Medusa, which has risen rapidly in the past two years to become the local industry’s No. 1 player. With a market share of 23.6%, Medusa is significantly ahead of its nearest rival, UIP.
Alatan’s departure from CGG reps the latest blow to the former industry titan, which has scaled back film production and largely suspended acquisitions while struggling with cash flow.
CGG acquisitions now will be coordinated out of Los Angeles by Cecchi Gori Pictures prexy Gianni Nunnari.
Alatan’s entry into Medusa/Mediatrade coincides with the conclusion of deals for the acquisition of all rights to some of the choicest indie titles on the market, including New Line’s big-budget “Lord of the Rings” trilogy.