Exclusive Releasing and FilmDistrict are closing on a deal to acquire rights to Jerusha Hess' "Austenland," which the companies would team to split 50/50 worldwide.
Streaming and VOD gives sector a boost
Exclusive Media is looking to raise between $30 million and $50 million in new equity to help fuel its expansion into domestic distribution through its newly created Exclusive Releasing arm.
Continuing its push into distribution, Exclusive Media has acquired a minority stake in 2-year-old Millennium Entertainment for an undisclosed price.
While Hollywood majors cling to their tentpoles, indies have seized an opportunity to reinvent their business model.