Spanish mini-major Filmax will sub-distribute recent and library titles of Lauren Films for homevid in Spain.
“The deal means I avoid the cost of maintaining a large DVD/VHS sales operation in Spain,” Lauren Films prexy Antonio Llorens told Daily Variety.
Films include “The English Patient,” “The Cider House Rules,” “Life Is Beautiful” and a large number of Woody Allen titles. Filmax will also handle more recent titles such as “The Importance of Being Earnest,” and “The Wayward Cloud.”
Spain’s biggest indie film distributor for much of the 1980s and nearly all of the 1990s, Lauren filed to suspended debt payments in June 2004.
A looser version of the U.S.’ Chapter 11, the suspension gave Lauren protection from creditors while administrators orchestrated debt repayments.
The filing came after satcaster Via Digital slashed acquisitions from early 2002 leaving most indie distributors with large slates of films unsold to pay TV.
Lauren has since sold six cinema theaters to Spanish circuit Cinebox. It owns 109 screens in Spain.
It has also scythed acquisitions: most recent pickups are Heath Ledger starrer “Candy” and Peter Cattaneo’s “Opal Dream.”