Professional Motion Picture Production and Distribution NEWS
Gigapix Studios and New Legacy Media Announces New Theatrical Distribution Company
By Staff
posted Sep 30, 2010, 17:49
The first films to be released by Gigapix Releasing are...
(Los Angeles) Gigapix Studios, Inc. announced that they have started a U.S.
theatrical distribution company, Gigapix Releasing, which has acquired the rights
to several films for theatrical release. Gigapix Releasing has access to a print
and advertising fund through New Legacy Media. New Legacy Media is a conglomerate
that has provided Prints and Advertising investments to over one hundred films
via investments in Star Partners, The New Millennium Fund and P & A Partners
I, II and III.
In forming Gigapix Releasing, Gigapix Studios, Inc. has teamed up with outside
partners and investors, i.e. Geno Taylor formerly CEO of Polychrome Pictures
and David Williams, head of New Legacy as the print and advertising provider.
In addition to the New Legacy print and advertising fund, Gigapix Releasing
and New Legacy are working to close an additional $100 million prints and advertising
fund with several financial institutions and other outside investors. The partners
and size of that facility will be announced shortly.
New Legacy's president, David Williams, said "I am delighted to be working
with the new team at Gigapix Releasing and its marketing partners to set up
an independent theatrical distribution company. The studios have abandoned the
independent film space, while at the same time the evolving digital media platforms
have created an opportunity for new delivery mechanisms and marketing programs
that can make theatrical distribution of niche and genre films a great business.
David Pritchard and our team have created a more efficient approach to releasing
films in North America making the economics more rewarding for traditional print
and advertising investors."
David Pritchard, president of Gigapix Studios, Inc. said, "There are a
significant number of very strong independent films on the market. Many of these
films have exceptional performances; however, they are just not able to get
traction in the current market place, leaving an opportunity for a disciplined
new releasing company like ours to bring quality made films to their specific
audiences. Gigapix Releasing intends to conduct extensive audience testing on
all of the films they release. As the testing and other mechanisms dictate,
we'll release between 6-10 films per year in all the most effective markets
as determined by each film. Some of these films may be screened on 2000 plus
screens, where the research warrants such expenditure and exposure. We have
created distribution relationships with DVD and television partners, including
Anchor Bay/Starz, and we're in discussions with several other studio home entertainment
divisions forging distribution relationships in both TV and DVD/VOD arena as
well as developing ancillary markets and media around the world."
The first films to be released by Gigapix Releasing are:
(a) "Mother's Day," produced by Richard Saperstein, Brett Ratner,
Jay Stern, Curtis Leopardo, and Brian Witten among others and directed by Darren
Lynn Bousman ("Saw II, III and IV"), starring Rebecca De Mornay ("The
Hand that Rocks the Cradle", "Wedding Crashers") as "Mother"
and Jaime King ("Sin City", "Pearl Harbor") as Beth whose
world comes crashing down upon the mother and her children's unexpected arrival
into their lives.
(b) "The Tortured," produced by Mark Burg, Carl Mazzocone, Marek
Posival (who also wrote the film) and Oren Koules among others and directed
by Robert Lieberman ("D3: Mighty Ducks", "Fire In The Sky"),
and starring Erika Christensen ("The Upside of Anger", "Swimfan")
and Jesse Metcalfe ("Beyond a Reasonable Doubt")
(c) "The Bleeding" produced by Frank Capra III, Joe Di Maio, Michael
Matthias and Emmett/Furla among others directed by Charlie Picerni ("Three
Days to Vegas"), and starring DMX, Michael Madsen, Vinnie Jones and Armand
Assante.
Pritchard continued, " "The Tortured" and "The Bleeding"
appeal to niche audiences, as each has a strong appeal to a core "campy
action zombie" and "urban terror" audiences respectively. "Mother's
Day" will have a wider release with a potential for a 1000 to 1500 screens.
"Mother's Day," in particular, already has strong word of mouth, is
tracking well in the internet blogosphere and has an exceptional resurgent genre
performance by Rebecca De Mornay orchestrated by director Darren Lynn Bousman,
who has a large blog following since the early "Saw" franchise launching.
This film, a remake of a cult classic, will deliver on its advance buzz. "Mother's
Day" and "The Tortured" are targeting a first quarter release
with "The Bleeding" scheduled for fourth quarter of this year. This
week at the Fantastic Festival in Austin Texas, "Mother's Day" is
already playing to rave reviews."
The deal on "The Tortured" and "Mother's Day" was brought
to Gigapix and brokered by the Paradigm Motion Picture Finance Group.
Gigapix Studios, Inc. features an experienced management team with a history
of success as Hollywood film/TV veterans and digital media and marketing experts.
In 2008, Gigapix Studios produced the acclaimed feature film "Captain Abu
Raed" (Sundance Film Festival, Audience Award winner) and has just completed
production on the series "Workaholics", an original television series
for Comedy Central.
Resources:
http://www.gigapixstudios.com
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