You will be redirected back to your article in seconds

MDP changes name, focus

Media 8 to continue distrib'n division, licensing

Indie film production and financing shingle MDP Worldwide has changed its name to Media 8 Entertainment and will refocus its business to expand its reach in financing and production.

Media 8 will also continue to operate the in-house distribution division to license both international and domestic rights to its feature films.

“Media 8 Entertainment is now one of the few independents in the marketplace that has the financial resources to ‘greenlight’ feature films without pre-sales,” said Media 8 chairman and CEO Mark Damon. “For the last 10 years, MDP Worldwide has established itself as one of the leading international sales companies, and the name change signifies our new company mission to focus on financing and producing films, both on our own and in conjunction with our strategic international partners.”

“Since making a significant equity investment in MDP Worldwide, we have been extremely pleased to see how the company’s production slate has started to markedly increase and become the cornerstone for our ongoing operational efforts,” said Media 8’s vice chairman Sammy Lee, who represents the majority ownership interest of the company. “Our name change symbolizes a new identity and will define a benchmark for us to bring Media 8 to a higher level and become a powerful icon in the motion picture business. Moreover, our change in business strategy will enable us the opportunity to selectively pursue investments in various other media-related businesses.”

The new company name and logo will be added to all of the company’s upcoming productions and releases. These include the Charlize Theron/Christina Ricci starrer “Monster”; the Mike Binder-directed “The Upside of Anger”; the Barbara Kopple- directed “Havoc,” penned by Stephen Gaghan; “11:14,” starring Hilary Swank, Rachael Leigh Cook, Patrick Swayze and Barbara Hershey; and “The United States of Leland,” starring Kevin Spacey, Ryan Gosling and Don Cheadle.

More Film

  • Lisa Borders Time's Up

    Time's Up President Lisa Borders Resigns

    Lisa Borders has resigned as president of Time’s Up, she and the organization announced on Monday. Borders is resigning due to family issues, she said in a statement. Time’s Up COO Rebecca Goldman will now serve as interim CEO. “As Time’s Up continues to grow, I am proud of the work I have done to [...]

  • Keira Knightly as "Rachael Morgan" in

    Film Review: Keira Knightley in 'The Aftermath'

    Less widely seen (and acclaimed) than it deserved to be, James Kent’s debut feature “Testament of Youth” was one of the great recent love-in-wartime dramas, translating the intimate romance and sprawling human tragedy of Vera Brittain’s WWI memoir with a grace and heft worthy of its David Lean allusions. Four years on, it’s not hard [...]

  • Inside Amazon's New Feature Film Strategy

    Amazon's New Film Strategy: Straight-to-Service Titles and Starry Sundance Buys

    It was close to midnight when Amazon Studios chief Jennifer Salke got the text. The company had failed in its quest to acquire “Brittany Runs a Marathon,” a body image dramedy that captivated Salke when she saw it at Sundance. A sales agent on the project messaged her to say that a competitor offered a [...]

  • Alfonso Cuaron71st Annual Writers Guild Awards,

    Alfonso Cuarón on Academy's 'Inevitable' Reversal on Televised Oscar Categories

    Alfonso Cuarón isn’t exactly surprised that the Academy reversed its decision and will now air all the Oscar categories during the live show on Sunday. Feb. 24. Calling the decision “inevitable,”Cuarón tells Variety that he thinks the Academy should take things even further. “Let’s stop calling them technical categories!” he told Variety on Sunday night [...]

  • TorinoFilmLab Announces Selections for 2019 ScriptLab

    TorinoFilmLab Announces Selections for 2019 ScriptLab (EXCLUSIVE)

    The TorinoFilmLab has announced the 20 feature projects and five story editor trainees who have been selected to take part in the 2019 edition of ScriptLab, an initiative focused on the development of fiction feature film scripts in early development stage. Beginning in March, this year’s participants will team up with filmmakers from around the [...]

  • Alita Battle Angel

    North American Box Office Declines From Last Year With Weak Presidents Day Weekend

    “Alita: Battle Angel” easily won a tepid Presidents Day weekend with a $34.2 million at 3,790 North American locations, estimates showed Monday. Overall domestic moviegoing for 2019 has plunged 22.1% to $1.24 billion as of Monday, according to Comscore. That’s $350 million below the same date a year ago and the lowest figure at this [...]

More From Our Brands

Access exclusive content