Intandem to collaborate with IFA Distribution
2011年10月31日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMIFM
31.10.11
INTANDEM FILMS PLC
("Intandem Films", the "Company" or the "Group")
(AIM: IFM)
Intandem increases film slate through IFA Distribution collaboration
Deal secures additional potential revenue stream through pipeline of 20 films
per annum
Intandem Films, the London based international film group, is pleased to
announce that it has signed an agreement to collaborate with a Los Angeles
based distribution and acquisition company, IFA Distribution ("IFA") to
distribute films which are financed by IFA, throughout the world, excluding
North America.
IFA is a joint venture between FUNimation® Entertainment and American United
Entertainment, LLC. ("AUE"). IFA Distribution, will distribute films for the
North American region, with a leading Home Entertainment & Digital Media
distribution platform.
It is expected that the deal will supply Intandem with approximately 20 films
per year, increasing revenues and helping Intandem to build its film catalogue
in anticipation of the expected growth in `video on demand' ("VOD") and other
forms of digital distribution. Currently, Intandem's catalogue consists of
approximately 40 films.
One of the films being produced under this collaboration is 3D supernatural
thriller Glimmer, set to star Amy Smart (Crank, The Butterfly Effect) and Shawn
Roberts (Resident Evil: Afterlife, X-Men). The $5million budget film is due to
be released in the fourth quarter of 2012.
Furthermore, four films have already been completed including Stag, A True
Story, Path of Souls and Construction. Other films in development and filming
include Finding Iris, Misfitswith Guy Pearce and William Fichtner `s Cold
Brook. The films under this collaboration will mainly be lower budget, focusing
on thriller, comedy and faith based genres.
Faith based films are a growing genre in the film industry and recently films
such as Fireproof, Facing the Giants andCourageous have been produced for under
$3m and have gone on to gross a total in excess of $100m at the US box office
alone. Finding Faith, starring Tom Cavanagh is due to commence filming in
December and will be the first faith based film to be produced under the
collaboration between Intandem and IFA.
Commenting on the deal, Robert Rodriguez, Chairman of American United
Entertainment:
"We are delighted to be entering into this agreement with Intandem. AUE has
worked closely with the Intandem team on Glimmer and are impressed by the
dedication to strong marketing and the quality of their relationships with
international distributors. We expect this to be a long term arrangement which
helps build a strong catalogue of feature film titles which can be exploited on
digital outlets as well as traditional media."
Gary Smith, CEO of Intandem also said:
"This deal secures Intandem a source of films to add significantly to our
catalogue. The company is keen to expand into faith based films through this
relationship and we expect very strong growth in digital distribution in the
future. It's an important part of our strategy to add to the volume of films we
represent and this deal helps to achieve that objective. FUNimation is a market
leader in digital distribution and we are excited to formalize this arrangement
with them and American United Entertainment."
-END-
Contacts
Intandem Films plc Tel: 020 7851 3800
Gary Smith, Chief Executive
Nominated Adviser
Northland Capital Partners Limited Tel: 020 7796 8800
Luke Cairns/Rod Venables
Broker
Rivington Street Corporate Finance
Dru Edmonstone/Jon Levinson Tel: 020 7562 3384
Financial PR
Bishopsgate Communications Tel: 020 7652 3350
Deepali Schneider/Natalie Quinn
intandem@bishopsgatecommunications.com
About Intandem Films
Intandem Films plc (www.intandemfilms.com) is a London based international film
company. It specialises in raising finance for commercial feature films and
selling them to distributors around the world. The Company earns fees for
arranging the financing for the films' production and generates commission on
all sales secured.
Intandem closely manages the risk associated with the film industry and does
not invest in films from its own resources. Its highest profile film to date
was 'How To Lose Friends and Alienate People' starring Simon Pegg, Jeff Bridges
and Megan Fox - for which Intandem raised the finance and sold the film to
distributors such as Paramount, Warners and MGM.
About IFA Distribution
IFA is a joint venture between FUNimation® Entertainment and American United
Entertainment, LLC. IFA is a North American film distributor which specializes
in home entertainment and digital distribution. FUNimation® traditionally it is
one of the largest anime distributors in the world and is expanding its live
action content through IFA. American United Entertainment is an entertainment
finance and production company with offices in California, New York and
Louisiana and Canada.
About FUNimation
FUNimation® Entertainment is the leading Anime company in North America.
FUNimation has a proven formula for launching and advancing brands. They manage
a full spectrum of rights for most of their brands including broadcasting,
licensing, production, internet, and home video sales and distribution. For
more information about FUNimation Entertainment and its brands
www.funimation.com.
END
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