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In a major expansion, Broad Green Pictures has acquired a 45% stake in Mister Smith Entertainment, David Garrett’s 3-year-old licensing and distribution operation.

The companies will be operating together at the Cannes Film Festival in May.

Garrett will continue as Mister Smith’s CEO. He will contribute to Broad Green’s greenlight committee, and Mister Smith will become the international sales and distribution arm for Broad Green titles.

“The partnership provides BGP the ability to maximize the foreign distribution of its internally developed film slate of both forthcoming wide releases and awards-oriented specialty platform releases, and will also allow BGP to acquire worldwide rights on selected feature projects, with Mister Smith selling and servicing international,” Wednesday’s announcement said.

“The move will also allow Mister Smith substantially greater flexibility in its operations and the ability to offer filmmakers equity and financing for productions.”

Broad Green, operated by brothers Gabriel and Daniel Hammond as a production and distribution entity for the past year,  acquired rights to adult-oriented titles such as Robert Redford’s “A Walk in the Woods,” “99 Homes” and Terrence Malick’s “Knight of Cups.”

“The most difficult challenge any rapidly growing company faces is keeping its culture intact as it grows, and David is not only the very best at what he does, he is an incredible person,” said BGP CEO Gabriel Hammond. “There couldn’t be a more perfect fit to represent BGP in the international marketplace, and we are so excited to help David grow his business.”