You will be redirected back to your article in seconds

Producer sells Portuguese catalog

Library includes works of Oliveira, Monteiro, Lopes

Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain.

The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and Fernando Lopes plus several 1940s comedy classics.

The ICAM Portuguese Film Institute has given PT Multimedia permission to deduct the purchase fee from its mandatory contribution to a new Film Investment Fund.

Millennium, $26.6 million in debt, began insolvency proceedings in June.

A significant proportion of Millennium’s debts are associated with the 21-screen Millennium Freeport, which was Portugal’s largest multiplex until it closed late 2005 with admissions below 250,000.

Branco has filed suit against Freeport for $18.2 million in compensation, alleging Freeport breached its contract regarding marketing the multiplex.

More Film

  • Black Panther

    Box Office: 'Black Panther' to Snag More Than $100 Million in Second Weekend

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

  • Baz Luhrmann

    Olympic Figure Skating Resurrects 'Moulin Rouge' and Baz Luhrmann Is Loving It (EXCLUSIVE)

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

  • Songwriter

    Berlin Film Review: 'Songwriter'

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

  • museum gael garcia bernal Mexico Cinema

    Berlin: Gael García Bernal’s ‘Museum’ Powers Up Sales for Luxbox

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

  • 'Styx' Review: Wolfgang Fischer's Lean, Gripping,

    Berlin Film Review: 'Styx'

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

  • 'Dressage' Review

    Berlin Film Review: 'Dressage'

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

  • Berlin Facetime: Director Pascal Plante of

    Berlin Facetime: Director Pascal Plante of 'Fake Tattoos'

    Portugal’s best-known film producer, Paulo Branco, has sold his 120-title film catalog to Portugal Telecom Multimedia for a reported E6 million ($7.3 million) to stem crippling debts notched up by his Millennium cinema chain. The library includes the crown jewels of Portuguese cinema, including the works of helmers Manoel de Oliveira, Joao Cesar Monteiro and […]

More From Our Brands

Access exclusive content