SYDNEY — John Reid and Rod Puskar, two of Australia’s best known buyers of U.S. films, are dissolving their business partnership after 20 years to set up their own banners.
Their entity, Reid & Puskar, will continue for a couple of years to service licensing deals.
Reid is re-launching himself as Classic 99 on March 20; Puskar will trade as Rod Puskar Enterprises.
“We’ve decided to go our own ways,” Reid told Daily Variety Tuesday, without elaborating on the reasons for the split.
Reid & Puskar was formed by the two men, who had been colleagues at Greater Union, to acquire rights to indie films, including a handful each year for theatrical release.
“Theatrical got too hard a couple of years ago so we’ve been concentrating on video and pay TV rights,” Reid said.
Reid and Puskar plan to introduce their separate identities — and start scouting for product — at the Cannes Film Festival and market in May. Both have agreed not to acquire films until after March 20.