Universal truths for Morgan Creek

Studio flowing to U, ends WB deal

Ending its longstanding relationship with Warner Bros., Morgan Creek Prods. has inked an exclusive three-year distrib pact with Universal Pictures.

Morgan Creek will continue to produce and finance all of its films, underwriting all costs including P&A. Company had distributed its films with Warners since 1990.

“We’ve been (at Warners) for 13 years, and 13 years in this business is like 50 years in any other business,” said CEO James G. Robinson. “It’s time to move on.”

“We’re very pleased to be in business with Morgan Creek. This arrangement allows us to expand our domestic release schedule,” U chair Stacey Snider said.

Robinson said he expected to add co-financing on U pics to Morgan Creek’s activities. “We anticipate that there are films that Universal will invite us into to co-finance.”

During its 13 years with Warners, turnover at the studio had shuffled out some of the execs closest to Robinson, including former topper Lorenzo di Bonaventura and former homevid head Warren Lieberfarb.

Morgan Creek recently wrapped filming on “Exorcist: The Beginning,” a prequel to the classic horror pic. Warners will release it this spring.

Company is developing the David Ward-scripted “Flying Tigers,” a third installment in its “Ace Ventura” franchise and teen comedy “Babeus Americanus.”

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading