You will be redirected back to your article in seconds

Saban on spending spree to feed Fox Family Channel

Ups acquisition war chest to $60 mil

Looking to feed the voracious appetite of the newly formed Fox Family Channel, Saban Pictures Intl. has boosted its acquisitions war chest to $60 million for 1998.

According to Stan Golden, president of Saban Intl. Services, the money will be used to purchase up to 40 feature films and longform projects this year.

“We are looking to take all rights to new projects in order to feed the Fox Family Channel and our international output deals,” said Golden.

In the first of a series of aggressive buys for FFC, Saban has taken the domestic cable and satellite rights to 32 pics from Paramount Pictures, 18 films from Hearst Entertainment and 10 from MGM.

The Paramount package includes titles such as the Johnny Depp/Leonardo DiCaprio starrer “What’s Eating Gilbert Grape,” and “Airplane II,” while among the MGM titles is the Pauly Shore comedy “Bio-Dome.”

Some of the new movies acquired will premiere on one of Saban’s U.S. television outlets. Others may go direct to video.

The sharply increased financing for features reflects Saban’s broadening acquisition policy — and a slight shift away from low-budget thrillers and actioners that have characterized its slate to date.

“Many outlets worldwide are still looking for thrillers, especially thrillers with some action,” said Susan Cooper, Saban Entertainment’s vice president, television-motion pictures. “We will be expanding our genres in the broadest sense and buying family product that plays well to both children and adults.”

In 1997, Saban said it spent roughly $40 million acquiring and producing 20-25 new features.

Currently in production at Saban are “Addams Family Reunion,” starring Tim Curry and Daryl Hannah, and another in-stallment of the “Richie Rich” franchise.

More News

  • Ventana Sur Debates Gender Parity in

    Ventana Sur Debates Gender’s 50/50 in 2020 for Argentina Film Industry

    BUENOS AIRES — Despite recent gains, namely the equality pledge towards 50/50-2020 signed at the Mar del Plata Film Festival on Nov. 12, producer Magalí Nieva, pointed out that no representative from INCAA was present following the apparent resignation of its vice-president Fernando Juan Lima. “We are left without an interlocutor to discuss gender policies [...]

  • Ventana Sur Rocks with Sales, Mass

    Ventana Sur Rocks with Sales, Mass Attendance, Structural Growth

    BUENOS AIRES — Celebrating its 10th anniversary with a huge hike in attendance to over 4,000 accredited delegates, the 2018 Ventana Sur will go down in history on multiple counts: Sales and pick-ups on movies which combined social comment and entertainment value, increasingly the new foreign-language movie standard; new sections, led by a Proyecta co-production [...]

  • Ventana Sur: Aparicio Garcia Pitches Sports

    Uruguay’s Aparicio Garcia Pitches Sports Journalism Dark Comedy ‘Matufia’

    Uruguay’s Aparicio García impressed with his one-of-kind debut earlier this year, the grindhouse rural mobster comedy “La noche que no se repite,” and the filmmaker has now participated in Ventana Sur’s Proyecta section with his next project, the dark comedy thriller “Matufia.” García’s Isla Patrulla is so far the only producer, but his participation at [...]

  • ‘Pokemon Go’ Publisher Seeks $3.9 Billion

    ‘Pokemon Go’ Publisher Seeks $3.9 Billion Valuation, $200 Million in Funding

    Niantic Inc., the publisher behind “Pokémon Go,” is working to raise a new round of capital investment which would increase the valuation of the company to $3.9 billion, The Wall Street Journal reports. The publisher is seeking out $200 million in an upcoming round of funding that is expected to be led by the venture [...]

  • ‘Fortnite’ Devs Remove Controversial Infinity Blade

    ‘Fortnite’ Devs Remove Controversial Infinity Blade

    Epic removed a controversial new item from its massively popular “Fortnite” following criticism from players over the late-game weapon’s overpowered nature. Epic announced the removal of the Infinity Blade this morning in an apologetic tweet from the official “Fortnite” Twitter account. “We messed up and rolled out the Infinity Blade overpowered / without good counters, [...]

  • Disney Channel Fires 'Andi Mack' Actor

    Disney Channel Fires 'Andi Mack' Actor Arrested for Plotting Sex With Minor

    Disney Channel has severed ties with “Andi Mack” actor Stoney Westmoreland following his arrest for allegedly trying to arrange a sexual encounter with a 13-year-old. “Stoney Westmoreland, an actor working on the series ‘Andi Mack,’ was arrested in Salt Lake City today,” a Disney Channel spokesperson said in a statement Friday. “Given the nature of [...]

  • UGC Distribution Closes on Mariano Cohn’s

    Ventana Sur: UGC Distribution Closes Market Hit ‘4 x 4’ (EXCLUSIVE)

    BUENOS AIRES — UGC Distribution has beaten out all other suitors to clinch what had became by Friday morning the most anticipated deal of this year’s Ventana Sur market: All rights to France on Argentine Mariano Cohn’s “4 x 4,” sold by Latido Films and distributed throughout Argentina by Disney. After mounting speculation about which [...]

More From Our Brands

Access exclusive content