Metrodome looks for long-term growth

Indie distribbery reveals new strategy

U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland.

Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous management in favor of a longer-term, more balanced portfolio-oriented business that can produce consistent growth.”

The strategic shakeup will see the theatrical division focusing more on the release of high-quality arthouse films and on co-producing and pre-buying pics. Company will also boost activity in the homevid sector with the launch of labels for mainstream and children’s films.

“Over the past 12 months, we have completed both a strategic review and corporate restructuring, which has included the strengthening of our management team,” Urie said.

“With that in place, and following the fund-raising and loan conversion, the company’s financial and operational position is significantly stronger.

“We are well positioned to grow the company both organically and through strategic relationships, as well as exploring opportunities in the acquisition of pan-European rights through syndication relationships.”

Metrodome’s theatrical release slate includes Rachid Bouchareb’s controversial WWII pic “Days of Glory” (set for release March 30), which did boffo biz in its opening frame in France last weekend, and Sarah Polley’s directorial debut “Away From Her” (set to go out April 27). Metrodome also will release Lukas Moodysson’s experimental “Container” and French psychological horror “Them.”

More Film

  • Kevin Hart Great Outdoors

    Film News Roundup: Kevin Hart Boards Action-Comedy 'On the Run' at Universal

    U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland. Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous […]

  • Star Wars: The Last Jedi

    AMC Adding Late-Night Screenings for 'Star Wars: The Last Jedi'

    U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland. Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous […]

  • Donald Trump 'Mentally Unfit' to Be

    Donald Trump Is 'Mentally Unfit' to Be U.S. President, Rob Reiner Says

    U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland. Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous […]

  • Tiffany Haddish Girls Trip

    Tiffany Haddish Joins Ike Barinholtz in Satirical Thriller 'The Oath'

    U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland. Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous […]

  • Redbox On Demand - Roku

    Redbox Launches Digital Movie and TV Service, Without Disney Titles

    U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland. Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous […]

  • Nabil Ayouch Talks Taboos, Arab Youth,

    Nabil Ayouch: ‘No Subject Should be Taboo in the Arab World’

    U.K. indie Metrodome Distribution has raised $3.8 million through a stock market placing and the conversion of a loan from parent company TV-Loonland. Coin will help bankroll CEO Peter Urie’s strategy for the long-term growth of Metrodome. In a statement, Metrodome signaled its intention to “shift from the high-risk and short-term approach adopted by previous […]

More From Our Brands

Access exclusive content