Deal covers international theatrical, DVD/BluRay rights
MGM has signed a long-term distribution agreement for Eastern Europe with Forum Film, the distrib arm of Cinema City Intl.
Partnership covers Poland, Hungary, Romania, Bulgaria and Israel and includes both theatrical and DVD/Blu-ray Disc rights. For certain titles, Forum will also cover the Czech Republic and Slovakia for the studio.
MGM said pact includes new releases over a five-year period, including both of the “Hobbit” films (set for release in 2012 and 2013) and Bond 23 (due Nov. 9, 2012).
MGM said it plans to distribute Bond 24 on a similar basis through Forum.
“Our relationship with Gary and Roger goes far back and I’m very proud that they have chosen us to be their distributors in ‘our’ markets,” said Mooky Greidinger, CEO of Cinema City. “Starting a long-term distribution agreement with such an amazing slate is very exciting and everyone in our team is fully committed to maximize the potential of the movies.”
Gary Barber and Roger Birnbaum, co-chairmen and CEOs of MGM, noted in the announcement that they had previously worked with Forum Film when they were in charge of Spyglass Entertainment.
“We feel very fortunate to be able to continue our relationship with Mooky and Forum Film,” the duo said. “We know that with Forum and all of the resources they have amassed, our films will be in the best hands possible in all of these important territories.”
MGM sold most of the international rights in January to “The Hobbit” to Warner Bros. in exchange for Warner financing MGM’s portion of the production budget. MGM retained rights to several markets, including the Eastern European territories covered in the deal with Forum Film.