MADRID — Studiocanal has acquired rights to “RoboCop,” the MGM/Sony reboot of the 1987 sci-fi actioner classic, for the U.K., France and Germany.
The European film and TV group will release “RoboCop” in theaters, and handle video, VOD and TV distribution, with some exceptions.
Helmed by Brazil’s Jose Padilha, director of “Elite Squad” and “Elite Squad: The Enemy Within,” “RoboCop” is skedded for a summer 2013 release. Studiocanal has acquired rights for 20 years.
“Studiocanal is the ideal partner to help us share the re-imagined, action-packed classic with audiences in the U.K., France and Germany,” said Gary Barber and Roger Birnbaum, MGM co-chairmen and CEOs.
“We have been admirers of Jose Padilha since we first saw and distributed the award-winning ‘Elite Squad’ in the U.K.,” added Studiocanal chairman-CEO Olivier Courson.
“As film fans, we cannot wait to see his vision of this new ‘RoboCop’ with such an incredible cast, including Gary Oldman, Joel Kinnaman, and Samuel L. Jackson, and with producers like Marc Abraham and Eric Newman.”
Studiocanal’s film financing capacity runs at about $800 million through 2014 thanks to a deal with Anton Capital Entertainment. As a producer and film financier, this has allowed Studiocanal to focus on making movies budgeted below $30 million that do not require U.S. financing and for which U.S. distribution is often upside.
As a growing distribution force, Studiocanal has the coin to compete for the biggest and most buzzed movies, as the “Robocop” deal underscores.
Deal also reunites Studiocanal with Strike Entertainment’s Abraham and Newman.
Studiocanal is financing, distributing and has pre-sold Strike-produced “The Last Exorcism 2,” now in post, and had a similar role on “The Last Exorcism,” also produced by Strike and one of Studiocanal’s earliest breakout hits under Courson.