×
You will be redirected back to your article in seconds

Exclusive Media acquires Millennium stake

Exclusive Releasing to have access to Millennium's home ent systems

Continuing its push into distribution, Exclusive Media has acquired a minority stake in 2-year-old Millennium Entertainment for an undisclosed price.

Deal, announced Tuesday, comes three weeks after Exclusive Media launched a domestic releasing and acquisitions arm — dubbed Exclusive Releasing and headed by Scott Pascucci and Matt Brodlie — at the Toronto Film Festival as an entrant into the increasingly crowded distribution arena joined recently by A24.

The Exclusive Media-Millennium Entertainment pact provides key components: Exclusive Releasing will have access to Millennium’s home entertainment distribution systems; and Millennium Entertainment CEO Bill Lee and his team will continue to manage and grow the business, working closely with Exclusive Releasing’s management group on selected Exclusive Media titles going through Millennium Entertainment, which is part of Nu Image Inc.

Popular on Variety

Deal was announced by Exclusive Media co-chairmen Nigel Sinclair and Guy East and Millennium Entertainment and Nu Image Founders Avi Lerner and Trevor Short.

“Exclusive Media has excellent taste and is making some great films, so we’re excited by this arrangement and look forward to Exclusive Media bringing further impetus to the next stage of Millennium Entertainment’s growth,” Lerner and Short said.

Exclusive Releasing plans to theatrically distribute three or four wide and platform releases per year; it also plans to acquire films for accelerated-window and VOD release along with developing and acquiring “alternative content,” such as concert films and music documentaries.

“Acquiring a stake in Millennium is a key next step in building Exclusive Releasing,” said Marc Schipper, chief operating officer of Exclusive Media. “As we have gotten to know them, we have been very impressed by the professionalism and dedication that Bill Lee and his team display in managing their company. This new deal ensures that Exclusive Releasing is well positioned to take advantage of the shifts from physical to digital and from sell-thru to rental in the home entertainment market.”

Millennium Entertainment acquired two pics at Toronto — Julianne Moore-Alexander Skarsgard starrer “What Maisie Knew” and Josh Boone’s directorial debut “Writers,” starring Lily Collins, Jennifer Connelly, Greg Kinnear and Kristen Bell — and will release “The Paperboy,” directed by Lee Daniels, on Oct. 5. Millennium’s “Bernie” is the distrib’s top performer with a $9.2 million domestic gross earlier this year.

For its part, Exclusive Media has been growing into a key destination for moderately priced projects: Ron Howard’s Formula One drama “Rush,” adult-skewing political drama “Ides of March,” the PG-13 chiller “The Woman in Black” and the upcoming “A Walk Among the Tombstones,” all with Cross Creek Pictures; David Ayer’s “End of Watch” with Emmett/Furla; thriller “Snitch” with Participant; John Carney’s comedy “Can a Song Save Your Life?”; and the Cameron Diaz action-laffer “Agent: Century 21.”

It’s also expanded its foreign sales operations recently. On Aug. 28, Scott Steindorff’s Scott Pictures and Exclusive Media launched a joint-venture international sales company, with Exclusive Media handling the international sales and servicing for all Scott Pictures features, starting with Natalie Portman actioner “Jane Got a Gun.”

More Film

  • Luc Besson EuropaCorp Searching for Hit

    EuropaCorp Posts a 50% Drop in Revenues in Half-Year Results

    While it’s finalising its bailout deal with its lender Vine Alternative Investments, Luc Besson’s EuropaCorp posted a 50% drop in revenues to €40.7 million during the first half of the financial year 2019-2020 which ended Sept. 30. The company explained that revenues had dropped compared with the first semester of the last fiscal year because [...]

  • Richard Jewell Olivia Wilde

    'Richard Jewell': Kathy Scruggs' Roommate, Family Angered by Journalist's Portrayal

    Penny Furr was Kathy Scruggs’ roommate when the Atlanta Journal-Constitution reporter got a major scoop involving the investigation into the Centennial Olympic Park bombing. Scruggs had discovered that Richard Jewell, the security guard who had evacuated the area before the bomb exploded, saving dozens of lives in the process, was a suspect in the attack. [...]

  • Alexandre Desplat

    Alexandre Desplat Combines Mozart and Bowie for Greta Gerwig's 'Little Women' Score

    There have been multiple film and TV versions of “Little Women.” But composer Alexandre Desplat and writer-director Greta Gerwig had a non-traditional idea for Sony’s 2019 version: “We wanted the music to be a duet of Mozart and Bowie,” Desplat laughs. There are no rock music touches in the score, but there is a modern [...]

  • Clarence Thomas

    Film News Roundup: Clarence Thomas Documentary to Get Theatrical Release

    In today’s film news roundup, a Clarence Thomas documentary and “Never, Rarely, Sometimes, Always” are getting theatrical releases, and Lionsgate is developing a Rabbids movie. RELEASE DATES Manifold Productions has slated “Created Equal: Clarence Thomas in His Own Words” to open in theaters nationwide on Jan. 31, Variety has learned exclusively. The documentary about the [...]

  • Danny Aiello Do the Right Thing

    Danny Aiello: Spike Lee, Mia Farrow, Cher and More Remember ‘Do the Right Thing’ Actor

    Following the news that character actor Danny Aiello died on Thursday night, friends and peers of the “Moonstruck” actor shared their remembrances via social media. Aiello — whose body of work included Spike Lee’s “Do the Right Thing,” “The Purple Rose of Cairo,” “Jacob’s Ladder,” “The Godfather Part II” and Madonna’s “Papa Don’t Preach” music [...]

  • Willem Dafoe The Lighthouse

    Willem Dafoe on Early Film Roles, Working With Robert Eggers on 'The Lighthouse'

    A four-time Academy Award nominee, Willem Dafoe developed his cinematic charisma — seen in films like “The Florida Project” and “At Eternity’s Gate” — in his early career in theater. After studying drama at the University of Wisconsin-Milwaukee, Dafoe moved to New York in 1976 and joined what would eventually become The Wooster Group. His [...]

  • Theodore Shapiro Music Composer

    How Music Illustrates the Shifting Dynamics in 'Bombshell'

    What stands out about Theodore Shapiro’s score for “Bombshell” is that the music isn’t frantic despite being set in a fast-paced environment — Roger Ailes’ newsroom at Fox News. Instead, the score straddles two worlds: that of Ailes and that of the women who worked for him.  “[Director] Jay [Roach] and I talked about finding [...]

More From Our Brands

Access exclusive content