Distributor also takes 'Pettigrew'
MADRID– Following a bidding war, Spanish rights on Martin Scorsese’s period thriller “Shutter Island,” has finally gone to Barcelona-based Manga Films.One of the most coveted pics among Spanish distribs, offers reportedly reached the $6 million-$8 million range. Manga also has taken all Spanish rights on comedy “Miss Pettigrew Lives for a Day,” a Focus Features theatrical release that garnered $12.2 million Stateside after 10 weeks. Manga is part of media-tech giant Vertice 360, which also includes popular arthouse distributor Notro Films, cult pics distribbery Versus Entertainment, horror film producer-distributor Amazing and pic producer Telespan 2000. In December, Vertice became the first Spanish film and TV holding to list on Madrid’s stock market. In first quarter results Vertice upped revenues by 59% on a like-year basis of E29.9 million ($47.8 million), while operating profits rose a healthy 26% to $11.4 million. Vertice’s film arm notched up sales of $15.9 million, 8.8% up on first quarter 2007. But Vertice said last week it has modified its film division strategy to release fewer titles and take larger advantage of its 3,500-film title catalog.