Cowboy Pix lassos partner from Lot 47

Williams previously sr. exec at JP Morgan, Salomon Bros.

Lot 47 CEO Greg Williams has come on board as a full partner in fellow Gotham-based specialty distribution boutique Cowboy Pictures, expanding the infrastructure of the latter company while retaining the former’s releasing label.

In addition to his tenure at Lot 47, which scored niche hits with “L.I.E.” and “The Fast Runner (Atanarjuat),” Williams previously was a senior executive at JP Morgan, Salomon Brothers and Deutsche Bank. He brings Vicki Loughery and Rick Thiedig, respectively senior distribution and financial staff at Lot 47, with him to Cowboy.

Love of cinema

“It’s become clear to me that the team Greg has worked with to realize the success of ‘The Fast Runner’ over the past year provides exactly the kind of vision, savvy and experience that I’ve been looking for to mature Cowboy, and take the company to the next level,” said Cowboy Pictures president John Vanco.

Lot 47 has been partially shuttered since the release last summer of “The Fast Runner,” which grossed $2.9 million at the U.S. box office and almost $4 million in North America. But while Williams has no immediate plans to acquire and release films under the label, it will remain active for ancillary distribution of back titles.

Decamping for Cannes

Vanco and Williams are working jointly on a number of acquisitions to be released by Cowboy and both will be representing the company at Cannes.

Co-founded in 1997 by Vanco and former partner Noah Cowan, Cowboy has released foreign films, documentaries and American independent titles, including “George Washington,” “Fat Girl,” “Morvern Callar,” “The Endurance: Shackleton’s Legendary Antarctic Expedition,” “Promises” and “Warm Water Under a Red Bridge.”

The distrib has been successful in building other revenue bases through alternative distribution networks and by packaging retrospectives and furnishing service deals on selected titles for larger companies.

Cowboy has accumulated a library of nearly 400 titles, including most of the key films from Akira Kurosawa, D.A. Pennebaker and Ingmar Bergman. The company also handles the Janus Films/Home Entertainment Vision library, with which it will team this year on the 50th-anniversary re-release of Henri Georges-Clouzot’s “Wages of Fear.”

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