ENTERTAINMENT ONE MAKES STRATEGIC INVESTMENT IN SIERRA PICTURES

Partnership strengthens eOne's global film platform and augments Sierra Pictures' fast-growing production activities

Sierra/Affinity will continue to represent third-party productions in the international marketplace

January 7, 2016 - London/Los Angeles - Entertainment One (eOne) today announced that it will enhance its global film portfolio and international sales and distribution reach through a strategic equity investment in Sierra Pictures, led by Nick Meyer and Marc Schaberg.

The new partnership brings together two companies that share a commitment to delivering high-quality feature films for a global audience. Sierra Pictures will continue to operate autonomously, tapping into eOne's global production and financing resources to support its expanding production slate which includes the current production of the elevated spy thriller, THE COLDEST CITY, starring Charlize Theron. As part of the agreement, the international sales and distribution of films produced and acquired by eOne Features, as well as eOne-distributed films from The Mark Gordon Company, will be handled by Sierra outside of Canada, the UK, Australia/New Zealand, Benelux and Spain, where eOne directly distributes films.

Sierra/Affinity, the joint international sales venture between Sierra Pictures, OddLot Entertainment and Bold Films, will continue to operate, exclusively representing films from Sidney Kimmel Entertainment, Blumhouse International, OddLot Entertainment and Bold Films, as well as third party producers.

Building on its successful venture with The Mark Gordon Company and the launch of the recently-announced Amblin Partners with Steven Spielberg, Participant Media and Reliance Entertainment, the partnership with Sierra Pictures will see eOne further extend its ability to source high-quality films for distribution in major markets around the world. Seville International will continue to handle sales on arthouse films from Canada and around the world, under the joint stewardship of Meyer and eOne's Patrick Roy.

We are very pleased to expand our relationship with Sierra Pictures. Nick and Marc have an impressive track record across film production, sales and distribution, making them industry standouts, and we have long-admired the strength of their business. We are thrilled to partner with the Sierra team to source and produce new feature films for distribution around the world, and to leverage Sierra's deep relationships to enhance the global potential of eOne's film slate, said Steve Bertram, President, Global Film Group, Entertainment One.

This partnership is an exciting development for Sierra Pictures as eOne has the resources and global footprint to provide further bedrock for the production and financing of our films. The deal also aligns us with one of the most active and forward-thinking companies operating in the global feature film industry, noted Meyer and Schaberg. As we continue to grow Sierra, eOne will be an invaluable and complementary partner and we are excited to be working with Steve and his global film production and distribution leadership team to build a very strong slate of films.

eOne was represented in the transaction by Matt Thompson of Sidley Austin, LLP; with Chris Brearton, Robert Haymer and Ken Deutsch of Latham & Watkins representing Meyer, Schaberg and Sierra Pictures.

LINK:	http://entertainmentone.com/films/about-eone-films/news-events/enterta...
	See more stories from entertainment1

Most recent headlines