Relativity, EuropaCorp Form U.S. Distribution-Marketing Joint Venture

relativity logo
Courtesy of Relativity

Ryan Kavanaugh’s Relativity Media has formed a U.S. distribution and marketing joint venture with EuropaCorp, calling for latter to pay $130 million for its stake.

The deal gives EuropaCorp, which will pay the funds over a six-year time frame, the certainty of U.S. distribution slots for its films. Each company will exclusively use the services of the joint venture and will directly distribute its own films.

The deal also calls for the companies to have the opportunity to co-produce and co-finance each other’s future films. The joint venture will be overseen by Tucker Tooley, president of Relativity, and Christophe Lambert, CEO of EuropaCorp.

“We are excited to expand our successful relationship with EuropaCorp through the formation of this joint venture,” Kavanaugh said. “In partnership with EuropaCorp, we will be able to more fully utilize the strength of our distribution and marketing abilities, even as we continue to expand our own film production. Together we share a vision focused on producing enthralling content in a profitable fashion.”

Relativity moved into distribution in 2010 when it acquired Overture Films’ distribution network and operations after parent Starz pulled the plug. Relativity’s current slate currently has eight to 13 moderately budgeted movies per year.

The two companies co-produced and co-financed Luc Besson’s comedic action film “The Family,” “3 Days To Kill” and the upcoming “Brick Mansions,” which Relativity is distributing this year.

Filed Under:

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading