×
You will be redirected back to your article in seconds

Walden Media Selling Film Library (EXCLUSIVE)

Walden Media is selling its film library, Variety has learned.

Best known for family fare like “Bridge to Terabithia” and the “Chronicles of Narnia” series, Walden plans to use all of the money it receives from the sale to fund future productions. The company plans to make up to four films annually and is branching into television.

No deal has been finalized, but the company has identified several interested buyers for the 46 films it is selling. Upcoming projects will not be included in the auction. Deloitte is handling the sale.

“Like other film companies, we often receive interest in our library,” the company said in a statement to Variety. “As part of the rejuvenation of Walden Media, we are exploring the market and plan on re-investing into building our growing slate which already includes ‘Everest’ with Universal Pictures and Steven Spielberg’s ‘The BFG’ with DreamWorks and Disney.”

Walden isn’t the only company selling its library. In September, news broke that Morgan Creek, the company behind “The Last Of The Mohicans” and “Ace Ventura: Pet Detective,” was entertaining bids for domestic rights to its nearly 80 films.

Walden is owned by billionaire Phil Anschutz’s the Anschutz Film Group. In 2013, the company underwent a series of layoffs and dialed down its development operations as a concession to the fact that studio slates were shrinking. Walden moved more aggressively into co-financing other companies’ projects, but that has begun to change. It has been revving up its on in-house development over the past year.

Other upcoming Walden productions include DreamWorks’ “A Dog’s Purpose,”“Happy Krampus!,” a co-production with Jim Henson Co., and “A Babysitter’s Guide to Monsters,” a children’s book adaptation.

More Film

  • Sony Pictures Classics Buys Michael Covino's

    Cannes: Sony Pictures Classics Buys Michael Covino's 'The Climb'

    Sony Pictures Classics has acquired all worldwide rights, excluding France and German-speaking Europe, to Michael Angelo Covino’s buddy comedy “The Climb.” The film premiered in the Un Certain Regard section at the Cannes Film Festival and won the Un Certain Regard Heart Prize alongside “A Brother’s Love” on Friday. Covino directed, co-wrote (with Kyle Marvin) [...]

  • Aladdin

    'Aladdin' Heads for Magical $100 Million Opening in North America

    Disney’s live-action “Aladdin” is heading for at least $100 million in North America during the four-day Memorial Day holiday weekend, early estimates showed Friday. “Aladdin” will likely finish Friday with around $30 million, including $7 million in Thursday night previews. Sony’s launch of horror-thriller “Brightburn” should pull in about $10 million for the holiday weekend and [...]

  • Henry Ian Cusick

    'Lost' Star Henry Ian Cusick Signs With Buchwald (EXCLUSIVE)

    Henry Ian Cusick, best known for playing Desmond on the hit ABC series “Lost,” is signing with talent agency Buchwald for representation. Cusick also starred in the CW sci-fi/drama “The 100” and was most recently seen in the Fox series “The Passage.” His other notable television credits include “Scandal,” “24,” “Fringe,” “The Mentalist,” “Body of [...]

  • Invisible Life Brazilian Cinema

    Brazil's 'Invisible Life of Eurídice Gusmão' Wins Cannes Un Certain Regard Award

    Brazilian filmmaker Karim Aïnouz emerged triumphant in tonight’s Un Certain Regard awards, as his grand-scale period melodrama “The Invisible Life of Eurídice Gusmão” received the top prize from jury president Nadine Labaki. The “Capernaum” director and her fellow jurors demonstrated eclectic taste in the ceremony, ultimately handing honors to eight of the 18 feature films [...]

  • Dan the Automator

    Heeding the Call of Olivia Wilde, Dan the Automator Scores 'Booksmart'

    Dan The Automator, aka Daniel Nakamura, knows a thing or two about setting a mood. The Bay Area-based producer has worked on projects such as Gorillaz’s debut album, Handsome Boy Modeling School (with Prince Paul) and multiple projects with rapper Kool Keith. Now, Nakamura has set his sights on film scoring, and will make his [...]

More From Our Brands

Access exclusive content