Duo extend financing, distrib deal through 2015
Alcon Entertainment has extended its long-term financing and distribution agreement with Warner Bros. Pictures through 2015.Alcon co-founders and co-CEOs Andrew Kosove and Broderick Johnson, and Warner Bros. Pictures Group President Jeff Robinov made the announcement Friday. Notable titles have included ”The Blind Side,” ”PS I Love You,” ”Book of Eli,” ”Racing Stripes” and ”Something Borrowed.” The current pact between the two companies expires in 2013. The announcement noted that the pact contains the same provisions as it has for the past 13 years — Alcon will finance and produce three motion pictures per year for Warner Bros. to distribute either on a worldwide basis or solely in North America at Alcon’s discretion. Alcon will also continue to develop, fully finance, produce, and ultimately assume all PandA expenses for its motion pictures and continue to work closely with Warner Bros.’ marketing and distribution teams on each film. ”Alcon maintains full greenlight authority,” it noted. The extension also has one change — it gives Alcon has the option to develop, finance, and produce a slate of more modestly budgeted features not necessarily intended for distribution by Warner Bros., who will retain their first right of refusal. Robinov said, ”Warner Bros. has enjoyed an incredible relationship with Andrew, Broderick, and their entire team at Alcon over the years, and we look forward to continuing this tremendously successful partnership.”
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