Business & Finance
Business and Finance
Business and Finance
Mon, September 17, 2012
Sun, September 16, 2012 Entertainment One Inks Multiyear Output Deal With DreamWorks Studios
September 17, 2012 02:03 ET
Entertainment One Inks Multiyear Output Deal With DreamWorks Studios
Multiyear agreement covers all media rights for the UK, Belgium, Netherlands and Luxembourg
LONDON, UNITED KINGDOM and TORONTO, ONTARIO and LOS ANGELES, CALIFORNIA--(Marketwire - Sept. 17, 2012) - Entertainment One ("eOne") (LSE:ETO) is pleased to announce that it has entered a four-year output agreement with DreamWorks Studios ("DreamWorks") to distribute the company's films in all media across the UK and Benelux.
"We're delighted to collaborate with Steven Spielberg, Stacey Snider, Jeff Small and the innovative DreamWorks team in two of eOne's core territories. It's a momentous opportunity to be alongside such esteemed partners and broaden our international slate with top-quality commercial films for years to come. This significant deal aligns so very well with eOne's distribution infrastructure around the globe. We're thrilled that our multi-territory strategy continues to attract the best in the business," said Patrice Theroux, eOne's President, Filmed Entertainment.
The first film under the agreement with eOne will be the remake of Starbuck, starring Vince Vaughn, which begins principal photography in October 2012 for release in 2013. Jeff Small, DreamWorks' President and COO, and eOne's Patrice Theroux brokered the deal via David Garrett's international licensing and distribution company Mister Smith Entertainment, who handle DreamWorks' films in Europe, Africa and The Middle East. DreamWorks' domestic distributor, The Walt Disney Company, will continue to handle North America, Latin America, Asia, Russia and Australia. Reliance continues to finance production of DreamWorks' films and hold distribution rights in India.
"On behalf of Steven and Stacey, we are so excited to be in business with the amazing team at eOne. They are an industry leader in the UK and Benelux and we know our films will be handled with the utmost skill and creativity by the eOne marketing and distribution teams," said Jeff Small, DreamWorks' President and COO.
DreamWorks Studios was formed in 2009 and is a partnership between industry-toppers Steven Spielberg, Stacey Snider and The Reliance ADA Group. Academy Award® winning Spielberg is among the industry's most influential filmmakers, helming such blockbusters as Jaws, E.T. The Extra-Terrestrial, the Indiana Jones franchise and the upcoming Lincoln. Prior to joining DreamWorks, Snider served as Chairman of Universal Pictures, where she oversaw all domestic and international business units of Universal Pictures, Focus Features and Universal Home Video. During Snider's tenure at Universal, she was responsible for the origination of successful franchises such as The Bourne series, The Mummy series and The Fast and the Furious series. The Reliance ADA Group is one of India's largest conglomerates and in the past several years has entered the filmed entertainment space both as a production studio and as a strategic investor in companies such as IM Global and Lava Bear Films, with which eOne also has partnerships.
About Entertainment One
Entertainment One Ltd. (LSE:ETO) is a leading international entertainment company that specializes in the acquisition, production and distribution of film and television content. The company's comprehensive network extends around the globe including Canada, the U.S., the UK, Ireland, Benelux, France, Germany, Scandinavia, Australia, New Zealand and South Africa. Through established Entertainment and Distribution divisions, the company provides extensive expertise in film distribution, television and music production, family programming and merchandising and licensing. Its current rights library is exploited across all media formats and includes more than 24,000 film and television titles, 2,700 hours of television programming and 45,000 music tracks.
[ www.entertainmentonegroup.com ]
About DreamWorks
DreamWorks Studios is a motion picture company formed in 2009 and led by Steven Spielberg and Stacey Snider in partnership with The Reliance Anil Dhirubhai Ambani Group. The company's recent releases include "Real Steel," starring Hugh Jackman and directed by Shawn Levy, Steven Spielberg's "War Horse," based on Michael Morpurgo's award-winning book and was nominated for six Academy Awards including Best Picture, and "The Help," which resonated with audiences around the country and earned over $200 million at the box office and received four Academy Award nominations with Octavia Spencer winning one for Best Supporting Actress. Its upcoming releases include Spielberg's "Lincoln" starring Daniel Day-Lewis.
DreamWorks Studios can be found on Facebook at [ http://www.facebook.com/DreamWorksStudios ] and on Twitter at [ http://twitter.com/dw_studios ].
About Mister Smith Entertainment
Led by CEO David Garrett, Mister Smith Entertainment is involved in the financing, co-financing and licensing of high-quality mainstream feature films and filmmaker driven movies for the global market. The company is a joint venture between Garrett and Constantin Film. Mister Smith Entertainment's current film slate includes Constantin Film's THE MORTAL INSTRUMENTS: CITY OF BONES, the first film in the highly anticipated action fantasy franchise based on Cassandra Clare's #1 best-selling book series, currently shooting in Toronto, and scheduled for release in August 2013 through Screen Gems; and the compelling true story 3,096 DAYS based on the autobiography of Natascha Kampusch, the Austrian girl who was held captive for over 8 years and whose escape made headlines around the world. The film is due for release in early 2013.
