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.
Domestic Film DAILY
PROVIDED BY: Box Office
Teenage Mutant Ninja Turtles
Teenage Mutant Ninja Turtles1Daily:$7.6M Cumulative:$79.8M Paramount Pictures 13.49%
Guardians of the Galaxy
Guardians of the Galaxy2Daily:$6.6M Cumulative:$188.5M Disney 23.68%
Into the Storm
Into the Storm3Daily:$2.1M Cumulative:$21.1M Warner Brothers / New Line 21.06%
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.