Universal in talks to sell Rogue

Studio negotiating deal with Relativity Media

The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures.

The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. Rogue’s most recent hit, “The Strangers,” took in $53 million this summer, and Rogue was at work on developing a sequel.

Rogue was founded by Focus Features in 2004 as its indie genre label. Universal had already moved the unit over to the parent studio. After Universal sells the subsidiary, which produced such films as “Doomsday,” “Hot Fuzz” and “The Hitcher,” it will agree to distribute any Rogue pictures through 2013. The distribution fee paid by Universal would be slightly less than 10%.

Rival bidders were Spyglass Entertainment, Lakeshore Entertainment and two other major studios. Spyglass’s bid was said to have included a 12.5% distribution fee.

The Relativity negotiation had begun well before talks commenced on the DreamWorks-Universal distribution deal. Under that pact, Universal has committed $150 million to DreamWorks, should the company need it.

More Biz

  • Harvey Weinstein and Benjamin BrafmanHarvey Weinstein

    Can Harvey Weinstein, the Poster Boy of #MeToo, Get a Fair Day in Court?

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

  • Chuck Panama Dead: Longtime Industry Publicist

    Chuck Panama, Longtime Industry Publicist, Dies at 93

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

  • Bruce Willis and Paul Bloch'A Good

    Remembering Paul Bloch: 'He Wasn't Just a Character, He Had Character' (Guest Column)

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

  • Ellen Degeneres Racism

    Entertainment Leaders Set to Celebrate Special Olympics 50th Anniversary

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

  • Lauren Sivan

    Accuser Lauren Sivan Reacts to Harvey Weinstein's Arrest: 'He Should Be in Jail'

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

  • Netflix Reed Hastings

    Netflix Stock Closes at All-Time High, Nudging Market Cap Ahead of Disney's Again

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

  • Mario Batali

    Mario Batali's Three Las Vegas Restaurants to Close Following Harassment Allegations

    The current economic crisis is putting the squeeze on even thriving studios such as Universal Pictures. The studio is in talks to sell its Rogue Pictures label to Ryan Kavanaugh’s Relativity Media for $150 million. The sale would include the banner’s 30-title library, four films set for release in 2009 and its entire development slate. […]

More From Our Brands

Access exclusive content