Cannes: Cargo Pacts with Radiant to Drive Growth in Production, Finance, Sales

Radiant’s president and CEO, Mimi Steinbauer, has assumed the additional role of Cargo’s president of distribution

Cargo Pacts with Radiant to Drive
Eric Charbonneau/Le Studio

Cargo Entertainment and Radiant Films Intl. have entered into a strategic partnership to expand their combined production, finance and sales operations.

Cargo has made an investment in Radiant, with Radiant’s president and CEO, Mimi Steinbauer, assuming the additional role of Cargo’s president of distribution. Steinbauer and the sales team, which includes newly appointed Radiant senior VP John Short, will handle foreign sales for all Cargo titles under the newly formed partnership.

With a focus on combining their respective areas of expertise to build a slate of high-quality commercial films, Cargo and Radiant are looking to jointly finance, produce and launch four to six films a year.

The companies will work side by side on joint initiatives, but continue to operate as two separate entities. Radiant Films Intl.’s slate of titles being sold at Cannes include the newly announced romantic comedy “Carrie Pilby,” starring Hailee Steinfeld and Tom Wilkinson.

“Mimi is one of the savviest sales executives in the business with a proven track record balancing sales on specialty as well as high-profile commercial films such as ‘The Hurt Locker,’ ‘Blue Valentine,’ ‘The Lord of the Rings’ trilogy and ‘The Matrix.’ The strength of her experience makes her a perfect partner as we look to substantially increase the scope of our productions. It’s a great partnership, and we look forward to making a number of significant announcements to take us to that next level shortly,” said Cargo’s CEO and managing partner, Marina Grasic.

“Marina and Cargo have built a reputation for producing high-quality theatrical films that resonate with buyers across the globe. As they build on that reputation and expand their production operations with even bigger-budget films, we are delighted to be partnering with Cargo. We look forward to this being just the beginning of a long and successful relationship,” said Steinbauer.

Cargo’s completed titles include the comedy “Welcome to Me,” which had the highest grossing per screen average among limited releases at the U.S. box office opening weekend, and stars Kristen Wiig, who produced alongside Will Ferrell, Adam McKay, Aaron L. Gilbert, Jessica Elbaum and Cargo’s Grasic. Their other titles include the political thriller “Zipper,” which world premiered at the 2015 Sundance Film Festival and stars Patrick Wilson and Dianna Agron; executive producer was Darren Aronofosky. U.S. distributor Alchemy is releasing both films and will distribute “Zipper” later in the year. Cargo’s upcoming films include the suspense thriller “The Price,” with Noomi Rapace, currently in pre-production.

Additional titles on Radiant’s slate include the thriller “Take Down,” directed by Jim Gillespie and starring Ed Westwick, Jeremy Sumpter, Phoebe Tonkin and Sebastian Koch and the unconventional romance “The Driftless Area,” starring Zooey Deschanel and Anton Yelchin, which made its world premiere at the 2015 Tribeca Film Festival. Both films are making their market screening premieres at the Cannes Film Market. Their other titles include two films coming to U.S. theaters in June: IFC Films’ “Hungry Hearts,” starring Adam Driver and Alba Rohrwacher, who both won Coppa Volpi Awards at the Venice Film Festival, and Toronto Film Festival selection “Madame Bovary,” starring Mia Wasikowska, Ezra Miller and Paul Giamatti, to be released by Alchemy.

Other projects include “Dare to Be Wild,” starring Emma Greenwell (“Shameless”) and Tom Hughes (BBC2’s “The Game”), and “Whatever Makes You Happy” in pre-production and set to star Susan Sarandon.