Starz Launches Motion Picture Studio
13 11월 2006 - 10:00PM
PR Newswire (US)
Overture Films Will Produce, Distribute 8-12 New Feature Films per
Year ENGLEWOOD, Colo. and LOS ANGELES, Nov. 13 /PRNewswire/ --
Starz, LLC, today announced the formation of a new motion picture
studio, Overture Films, which will produce, acquire and distribute
eight to twelve full-length feature films a year. The studio will
form collaborative relationships with film-makers and empower them
to produce quality films that take creative risks and break new
ground. Overture Films is a wholly owned subsidiary of Starz, LLC,
which is a unit of Liberty Media Corp. and which also operates the
Starz Entertainment premium television business and the Starz Media
production and distribution company. Overture Films is headed by
Chief Executive Officer Chris McGurk and Chief Operating Officer
Danny Rosett. Both are industry veterans with significant
experience in film production, marketing and distribution. McGurk
and Rosett were key executives at Metro Goldwyn Mayer Studios Inc.
prior to MGM's 2005 sale to a group of investors led by Sony Corp.
Most recently, McGurk served as senior advisor, new ventures, to
Starz Media. McGurk served as vice chairman and chief operating
officer at MGM from 1999-2005. Rosett held a variety of executive
roles at MGM from 1994-2005, including president of United Artists,
MGM's specialty film division. During McGurk and Rosett's tenure at
MGM, the studio's slate included such successful films as Hotel
Rwanda, Legally Blonde, Barbershop, Die Another Day, Hannibal, The
Thomas Crown Affair and the Academy Award(R) winners Bowling for
Columbine and Capote, which UA produced. McGurk said, "Unburdened
by the infrastructure and red tape of big studios, Overture Films
will provide a unique opportunity for creative talent to return to
the fundamentals of film making: original stories, gifted actors
and innovative directors." "At our studio the creative talent will
be central not just in making the films but in helping to develop
and execute the marketing and promotional campaigns, including the
Internet. Overture Films will embrace and empower talent as true
partners in the entire process of making and distributing films."
He added that domestic and international theatrical distribution
will also be handled by Overture. The target is for about 60
percent of the films to be original productions, with the other 40
percent acquired. The studio will be based in Los Angeles, and
releases will begin in mid-2007. McGurk will report to Robert B.
Clasen, chairman and CEO of Starz, LLC. Clasen said, "Chris McGurk
and Danny Rosett are superb studio executives with great track
records who will operate Overture Films with a favorable business
model and creative autonomy. Overture is the keystone for the new
structure at Starz. It complements the home video, television
production, animated film, international sales and other units that
were combined with the Starz premium channel business in August
when Liberty Media purchased IDT Entertainment. Starz is now a
fully integrated media company with the ability to produce any kind
of programming and distribute that programming across all
platforms." Clasen said the Overture Films slate will further
strengthen the lineup of movies from other studio partners on the
Starz premium channels and the Vongo Internet subscription movie
download service. Overture will also provide a new business
opportunity for Starz Home Entertainment, which will distribute the
films to the home video market. Clasen added, "With the launch of
Overture Films, the Starz channels' motto 'Movies Make Us' can now
be modified by adding 'Starz Makes Movies.'" Rosett, who will
report to McGurk, noted that the financial success of movies
depends on having guaranteed premium television and home video
distribution in place. "Overture Films from the start has a
multi-year output deal with Starz Entertainment -- including the
Starz premium channels and Vongo -- and a distribution agreement
with Starz Home Entertainment." Rosett continued, "We plan to
release a broad and balanced spectrum of films that will target
specific audiences, avoiding the 'tent-pole' focus that drives the
major studios. Within the 8-12 films we release each year will be
dramas, socially minded projects, thrillers, comedies, horror films
and urban projects. Over the next few months, we will build the
team that will be responsible for producing and distributing these
films. We expect to make further announcements about our team,
alliances with film makers and international distribution plans in
the coming months." McGurk added, "Danny and I are thrilled that
Overture Films is being launched with the full support and
involvement of Bob Clasen and the entire Starz team and the backing
of Liberty Media. We cannot think of a better platform to launch a
new film studio that will provide a creative haven for film makers
in Hollywood." Starz, LLC, is a holding company that operates Starz
Media and Starz Entertainment. Starz, LLC is a wholly owned
subsidiary of Liberty Media Corp. that is attributed to Liberty
Capital Group (NASDAQ:LCAPANASDAQ:LCAPB), http://www.starz.com/.
Starz Entertainment is a premium movie service provider operating
in the United States. It offers 16 movie channels including the
flagship Starz(R) and Encore(R) brands with approximately 14.9
million and 26.6 million subscribers respectively. Starz
Entertainment airs more than 1,000 movies per month across its pay
TV channels and offers advanced services including Starz HDTV,
Starz On Demand and Vongo(SM). Starz Entertainment is a wholly
owned subsidiary of Liberty Media Corporation that is attributed to
Liberty Capital Group (NASDAQ:LCAPANASDAQ:LCAPB),
http://www.starz.com/. Starz Media is a programming production and
distribution company operating worldwide. It includes the Film
Roman, Anchor Bay Entertainment, and Manga Entertainment brands.
Its units create animated and live-action programming -- including
theatrical films -- and programming created under contract for
other media companies. It distributes that programming, and
programming acquired from outside producers, through home video
retailers, theaters, broadcasters, ad supported and premium
television channels, and Internet and wireless video distributors
in the US and internationally. Starz Media is a wholly owned
subsidiary of Liberty Media Corp. that is attributed to Liberty
Capital Group, http://www.starz.com/. Contacts: Tom Southwick
Jonathan Taylor Senior Vice President Senior Vice President Starz
Entertainment/Starz Media The Lippin Group (720) 852-5821 (323)
965-1990 (303) 513-3758 (cell) DATASOURCE: Starz, LLC CONTACT: Tom
Southwick, Senior Vice President of Starz Entertainment/Starz
Media, +1-720-852-5821, cell +1-303-513-3758, ; or Jonathan Taylor,
Senior Vice President of The Lippin Group, +1-323-965-1990, , for
Starz, LLC Web site: http://www.starz.com/
Copyright
Liberty Media Corp. - Liberty Cap Class A Common Stock (MM) (NASDAQ:LCAPA)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Liberty Media Corp. - Liberty Cap Class A Common Stock (MM) (NASDAQ:LCAPA)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024