In a pre-Toronto Film Festival move, Ambi Group has agreed to acquire a majority of Exclusive Media Group’s library along with remake and sequel rights for an undisclosed price.
The deal covers about 400 titles including “Begin Again,” “Cruel Intentions,” “Donnie Darko,” “End of Watch,” “Ides of March,” “Memento,” “The Mexican,” “Parkland,” “Rush,” “Sliding Doors,” “Snitch,” “Undefeated” and “The Way Back.”
Ambi is acquiring the library in partnership with Raven Capital Management, a New York-based private equity firm.
The transaction comes a year and half after former Exclusive Media toppers Nigel Sinclair and Guy East departed the sales-production-finance company to form White Horse Pictures.
Year-old Ambi has assembled a slate that includes “This Beautiful Fantastic,” starring Jessica Brown Findlay and Tom Wilkinson; James Franco’s “In Dubious Battle”; the sci-fi thriller “Rupture,” starring Noomi Rapace, Michael Chiklis and Peter Stormare; the psychological thriller “Lavender,” starring Abbie Cornish and Dermot Mulroney; and the romantic comedy “All Roads Lead to Rome,” starring Sarah Jessica Parker.
“Our mission remains to build a strong global studio with an expansive value chain,” said Ambi topper Andrea Iervolino. “The acquisition of the Exclusive Media Group library plays into our formula for building the Ambi brand by instantly giving us hundreds of titles across multiple genres that will have long lives with audiences who, with today’s technology, consume content more rapidly than ever before.”
Co-chief Monika Bacardi said, “We will of course carefully vet out the sequel and remake opportunities and determine what fits best with our creative strategies and financing/production model to make sure everything is in proper alignment.”
Ambi also said it has expanded its operations including the hiring of several executives based out of the company’s Beverly Hills office.
Ambi and Raven were represented in the transaction by Greenberg Traurig’s Los Angeles, New York and London offices. EMG was advised in the transaction by Houilhan Lokey and Latham & Watkins.