Might Entertainment, Preferred Ventures and Kino Lorber have struck a digital distribution deal that will bring Kino Lorber’s new theatrical releases to a variety of digital platforms including VOD, IPTV, satellite and broadband outlets such as iTunes, Xbox and PlayStation.
Deal was announced Tuesday night by Preferred Ventures’ Kevin Iwashina, Might Entertainment president Andy Bohn and Kino Lorber CEO Richard Lorber.
Terms of the pact call for Might Entertainment to use its output deal with Lionsgate to bring films to nearly 100 million U.S. households. Kino Lorber will provide new releases over the next three years and some of the 700 films in its library. Preferred Ventures will provide strategic resources and operating capital for publicity and marketing.
Preferred Ventures is a newly established digital investment fund formed by Iwashina and Ross Dinerstein’s Preferred Content, Freecreditreport.com founder Ed Ojdana and ex-Facebook chief privacy officer Chris Kelly. Preferred Ventures provided the financing to acquire the Kino Lorber distribution rights.
Kino Lorber noted in the announcement that it will maintain its direct deals with digital vendors that include Netflix, Amazon, YouTube, Hulu, Fandor and Epix.
Might and Kino Lorber partnered on the VOD releases “Winnebago Man” and “Mademoiselle Chambon,” and they have six films scheduled for release over the next few months including French kidnapping thriller “Rapt,” crime drama “The Robber,” Romanian drama “Tuesday, After Christmas,” “Giorgio Moroder’s Metropolis” and the documentary “El Bulli.”