×
You will be redirected back to your article in seconds

Morgan Creek Identifies Potential Studio, Private Equity Buyers for Film Library

Morgan Creek has identified several potential bidders as the company behind “Robin Hood: Prince of Theives” and “The Last of the Mohicans” prepares to sell domestic rights to its film library.

Studios, mini-majors, and private equity firms have all expressed interest, although no one has formally bid and a timeline for a possible sale has yet to be established.

“It’s early in the process,” said Greg Mielcarz,  executive VP of marketing and publicity at Morgan Creek. “There are no frontrunners at the moment.”

The company is offering up rights to 65 of its films and has tapped Houlihan Lokey to serve as its investment banker. There are certain films that the company will retain remake or television rights to, among them “The Exorcist,” “Ace Ventura,” “Major League” and “Clive Barker’s Nightbreed.”

Mielcarz said the company had not determined an asking price for the titles and would “let the market decide” their value. The goal is to use the proceeds of the sale to fund film production. Morgan Creek has the rap biopic “Tupac” in the works and hopes to make two movies or television productions a year.

Morgan Creek was co-founded in 1988 by James G. Robinson, and Joe Roth, and over its to two decade-long history has produced such films as “Young Guns,” “True Romance,” “The Whole Nine Yards,” and “The Good Shepherd.” In 2014, it sold international rights to its films to Revolution Studios for $36.75 million.
Deadline first reported that domestic rights to its library were for sale.

More Film

  • Black Panther

    'Black Panther,' 'Crazy Rich Asians,' 'Westworld' Among Costume Designers Guild Winners

    “Crazy Rich Asians,” “The Favourite” and “Black Panther” walked away with top honors at the 21st annual Costume Designers Guild Awards Tuesday night, the final industry guild show before the Oscars on Feb. 24. “The Favourite” and “Black Panther” are up for the Oscar this year, along with “The Ballad of Buster Scruggs,” “Mary Poppins [...]

  • WGA Writers Contract Talks

    Talent Agents, WGA Achieve Progress in Second Round of Talks

    Hollywood talent agents and the Writers Guild of America have achieved some progress at their second negotiating session over agency regulations, according to sources close to the talks. The two sides met Tuesday, two weeks after their first meeting resulted in both sides criticizing each other, followed by the WGA holding a trio of spirited [...]

  • Aaron Paul

    Film News Roundup: Aaron Paul Honored by Sun Valley Film Festival

    In today’s film news roundup, Aaron Paul is honored, Bruce Berman is re-upped at Village Roadshow, and Paola Mendoza and Abby Sher get a book deal. FESTIVAL HONORS The Sun Valley Film Festival has selected Idaho native and three-time Emmy winner Aaron Paul as the winner of its Pioneer Award, presented by Variety for his [...]

  • Olivia Munn]EMILY'S List Pre-Oscars Brunch, Inside,

    Olivia Munn Says Brett Ratner Called Her Before His 'Howard Stern' Apology

    Olivia Munn is setting the record straight about standing up to “Rush Hour” director Brett Ratner, whom she alleges sexually harassed her over a decade ago. During a panel discussion at the Emily’s List pre-Oscars brunch at the Four Seasons Beverly Hills Tuesday morning, Munn revealed that Ratner called her in 2011 after he denied [...]

  • Flesh Out review

    Berlin Film Review: 'Flesh Out'

    Ignore the awful English-language title: “Flesh Out” is an emotionally rich, sensitively made film about a young woman in Mauritania forced to gain weight in order to conform to traditional concepts of well-rounded beauty before her impending marriage. Strikingly registering the sensations of a protagonist living between the dutiful traditions of her class and the [...]

  • Marighella review

    Berlin Film Review: 'Marighella'

    Does Brazil need a film that openly advocates armed confrontation against its far-right government? That’s the first question that needs to be asked when discussing “Marighella,” actor Wagner Moura’s directorial debut focused on the final year in the life of left-wing insurrectionist Carlos Marighella during Brazil’s ruthless military dictatorship. For whatever one might think of [...]

More From Our Brands

Access exclusive content