Metro-Goldwyn-Mayer has reached a multi-year deal with Megan Ellison's Annapurna Pictures to distribute all of Annapurna Pictures' films in select international territories.The partnership is set to begin this year with Annapurna’s first distribution title, Kathryn Bigelow’s untitled Detroit riots project, scheduled for release in the U.S. on Aug. 4, 2017.Ellison announced in January that her company was launching a new distribution division with Marc Weinstock, overseeing alongside marketing chief David Kaminow and Erik Lomis, the distribution president. Annapurna, which was founded...
Ellison’s progressive but raunchy teen comedy “Booksmart” earned laudatory reviews, but those kudos were one of the few highlights for her prodco this year. The film performed below expectations, with many faulting its wide-release strategy, while Annapurna’s comedy-drama “Where’d You Go, Bernadette” barely registered a blip and its big-budget animated feature “Missing Link” flat-out flopped. The company did score eight Oscar nominations and one win (for hair and makeup) for the Dick Cheney take “Vice,” but the political satire was a box-office bomb, as were 2018 releases “The Sister Brothers” and “Destroyer,” leading to talks of bankruptcy. But Annapurna resolved $200 million in debt in August, and going forward, projects will reportedly be financed wholly by Ellison or with partners on a film-by-film basis.