You will be redirected back to your article in seconds

MK2 shutters French theatrical distrib op

CEO Karmitz puts down move to French market pressures

MADRID

French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition

Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus on its international business, Karmitz told business entertainment publication Le Film Francais.

This includes film production, international sales and buying foreign titles for distribution in France.

MK2 will, however, maintain French TV sales and its home entertainment distrib operation in France and continue to invest in building its Gallic cinema circuit.

Karmitz, MK2’s CEO, attributed the Diaphana deal to hiked competition in French distribution, which makes mergers inevitable for Gaul’s indie distrib sector.

The move comes, Karmitz recognized, after three flagship releases for 2012 all underperformed at the French box office: Walter Salles’ “On the Road” grossed about €2.4 million ($3.3 million) in France, Olivier Assayas’ Venice player “Something in the Air” took just $989,586, and Abbas Kiarostami’s “Like Someone in Love” nabbed $399,057.

“We did not lose money because we sold these films to about 30 territories,” Karmitz said. “We asked ourselves where our priorities lay and decided they were our international and library business, not in theatrical distribution,” he added.

More Film

  • BAFTA Awards Rubber Stamps Some Oscar

    BAFTA Awards Rubber Stamps Some Oscar Frontrunners, Upsets Others

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

  • African Filmmaker Idrissa Ouedraogo Poses with

    Prolific African Filmmaker Idrissa Ouedraogo Dies at 64

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

  • The Real Estate

    Berlin Film Review: 'The Real Estate'

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

  • Wesley Snipes

    Wesley Snipes on His Failed 'Black Panther' Movie and Why Donald Trump Will 'Absolutely' See The New Film

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

  • BAFTA Winners: Updating Live

    BAFTA Awards: 'Three Billboards' Conquers With Five Trophies Including Best Film, Best Actress

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

  • BAFTA trophies

    BAFTA Awards: 2018 Complete Winners List

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

  • Figlia mia

    Berlin Film Review: 'Daughter of Mine' (Figlia mia)

    MADRID French indie distrib Diaphana has pacted to handle the Gallic theatrical distribution of productions and acquisitions from Nathanael Karmitz’s MK2, a six-decade icon of French arthouse production, distribution and exhibition Housing all its content business under a new subsid, MK2 Films, run by MK2’s former international sales head Juliette Schrameck, MK2 will now focus […]

More From Our Brands

Access exclusive content