Ad hoc Announcement by Intertainment AG
Intertainment closes '5 year' film deal
with Oscar winner Arnold Kopelson
Munich-based media group Intertainment AG has acquired worldwide exclusive
distribution rights to between 10 and 20 productions by Arnold Kopelson.
Oscar winner Kopelson belongs to the most distinguished (17 Oscar nominations)
and commercially successful (more than US$ 2 billion) American film producers.
Kopelson currently produces the project "Unfaithful" starring George
Clooney for 20th Century Fox.
Among his highly successful films are "Platoon", "The Fugitive"
(Harrison Ford), "Seven" (Brad Pitt), "Outbreak" (Dustin
Hoffman), "Eraser" (Arnold Schwarzenegger), "Devil´s Advocate"
(Al Pacino and Keanu Reeves), as well as "A Perfect Murder" (Michael
Douglas, Gwyneth Paltrow) and "U.S. Marshals" (Tommy Lee Jones, Wesley
Snipes).
US$ 2 billion were earned worldwide by the last 10 of the films produced by
Kopelson from theatrical exploitation alone (i.e. not counting Video-, Pay TV-,
Free TV- and Internet exploitation).
As part of this deal Intertainment acquires worldwide rights for all forms of
exploitation, i.e. Theatrical-, Video-, Pay TV- and Free TV-, as well as
Internet-, Video-on-Demand-, Merchandising- and Soundtrack rights. The rights
are granted in perpetuity.
In the United States, the films will be distributed by a major studio.
Under the agreement Intertainment receives approval rights for every phase of
the film production process, starting right at the selection of each project.
The contract also includes a renewal option for another 5 years.
The stipulated budget for each film is set at around US$ 50 million. Financing
of the films will be secured through licence sales to studios, national
distributors (Pre-sales) as well as film fonds.
End of announcement
Press Contact:
Intertainment AG
Claudia Wilmans
Widenmayerstrasse 49
80538 München
Tel.: 0 89 / 21 69 9-0
Fax: 0 89 / 21 69 9-11
e-mail: cwilmans@intertainment.de