Kavanaugh co. busy on eve of AFM
On the eve of the American Film Market, Ryan Kavanaugh’s Relativity Media has inked long-term foreign output deals with nine key foreign distributors.
The multiyear, multiterritory deals, which guarantee foreign distribution for Relativity’s single-picture biz, were signed with Momentum Pictures (U.K.), Alliance Films (Canada), Village Roadshow (Australia, New Zealand, Greece and Singapore), MGN Films (CIS and Eastern Europe), Nordisk Film (Scandinavia and Iceland), A-Film Distribution (Benelux), Gulf Film (Middle East), Aqua Group/Pinema (Turkey) and Entertainment in Motion (Global Airlines).
In addition to the output pacts, Relativity has partnered with sales company Mandate Intl. to oversee sales in non-output territories as well as provide worldwide servicing of the slate. Mandate Intl. president Helen Lee-Kim will present Relativity’s slate beginning today at AFM.
“This was a critical step in Relativity’s evolution, in that it allows us to function more fluidly, have the resources of a studio, focus on producing commercial content and maximize its potential,” Kavanaugh said. “By setting up worldwide foreign distribution, we know our films will have a proper home and distribution partnership for years to come.”
Output deals come on the heels of Kavanaugh’s recent move to buy Universal’s genre label, Rogue Pictures, for $150 million. That deal would add 40-50 Rogue projects in various stages of development to Relativity’s coffers. Under the terms of the deal, U will distribute future Rogue titles, including four already in the can, with Relativity paying a discounted distribution fee of less than 10%.
Separate from its massive slate financing deals with Universal and Sony, Relativity’s single-picture business aims to produce 8-10 films per year. Past pics produced under this arrangement include “3:10 to Yuma,” “The Bank Job” and “The Forbidden Kingdom.” Upcoming films include Jim Sheridan’s “Brothers,” starring Jake Gyllenhaal, Tobey Maguire and Natalie Portman; Lasse Hallstrom’s “Dear John”; and the Scarlett Johansson starrer “Brilliant.”