The company’s SP Releasing plans 20 films over the next three years, made up of a multinational production effort and an expanding acquisitions drive. The pictures, which span action, thriller, horror and family, and typically have budgets under $10m, will be released through SPI’s worldwide output deal with Sony Pictures Home Entertainment.
“We will be releasing up to three titles per month, so we need a lot of films,” said Paul, SPR chairman.
In the past year Paul has struck multiple film production arrangements in the U.S., China and Thailand, and production is under way using tax efficient structures. Among the first is “JL Ranch,” starring Jon Voight, James Caan and Melanie Griffith, and “The Dog Lover,” which will get a simultaneous theatrical and VoD launch this summer.
“It took us about year to get our systems working together with Sony, but now we are fully operational with SP Releasing handling domestic theatrical releases and Sony Home Entertainment handling physical and digital distribution on a worldwide basis,” said Paul.
“We will be very actively acquiring films at this year’s Cannes Film Festival,” said Jason Price, who has been heads an SP Releasing acquisitions team that includes Lara Minassian (VP of distribution,) and Monica Mal (director of international sales and acquisitions.)
The company also recently brought on board Robert Baruc, former president of Screen Media, who will consult on theatrical and home entertainment activities.