Group, Image to spend $15 mil on producing videos
HOLLYWOOD — Industry veterans Daniel Catullo and Glenis Gross have formed Coming Home Entertainment Group to produce concert videos.
The Sherman Oaks, Calif.-based company and distribution partner Image Entertainment have earmarked more than $15 million to produce at least 30 concerts by year’s end.
The first videocassettes and DVDs from the likes of Godsmack, the Go-Gos and the Bangles will appear on store shelves during the fourth quarter, with more following in first-quarter 2002. Company also is selling broadcast rights to concerts; VH1 will air the Go-Gos’ June 22 Central Park show and Godsmack’s March 2 concert in Worcester, Mass., next month.
Prexy-CEO Catullo, a veteran music producer and manager, said he and his partners founded the company in December with the idea of filming bands’ coming-home concerts, then quickly broadened its scope to include a record label and feature films.
Coming Home Records’ first release will be a Bangles live CD released in conjunction with the DVD. Coming Home’s first film project is “Earthwormz,” from producer Michael Gross, VP Glenis Gross’ former husband; his credits include producing or exec producing “Ghostbusters,” “Heavy Metal” and “Dave.”
Catullo said musicians have responded well to their deal, which usually gives them back broadcast rights after 10 years, plus royalties and in some cases a fee.
With the deal, Image is further expanding its music catalog. The company has dramatically ramped up its music exclusives since the advent of DVD and its improved sound capability.
Image will manufacture, market and distribute the releases on both videocassette and DVD. Coming Home will receive a portion of the backend from sales.
Patty Leonard of the Leonard/Stone firm brokered the initial agreements between Image and CHEG.
(Diane Garrett is a reporter for Video Business, a sister publication of Daily Variety.)