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2929 signs Soderbergh for six pack

Soderbergh inks six-picture deal with 2929 Ent.

Nicole Sperling
In a move that provides significant momentum to Mark Cuban and Todd Wagner's efforts to collapse the traditional distribution windows, their 2929 Entertainment company has signed a six-picture deal with maverick director Steven Soderbergh.

Announced Thursday, the deal through 2929's HDNet production company will see Soderbergh's films released simultaneously across theatrical, TV and home video platforms on the theory that collapsing the traditionally staggered windows gives consumers a choice regarding how and when they want to see a film.

Soderbergh will have creative control over all the films' content, with each produced in 1080i high-definition format. The first project, "Bubble," centering on a murder mystery in a small town in Ohio, is in production on a three-week schedule with Soderbergh writing and directing. The casting director trawled area malls and beauty shops to find local residents to audition for the nonprofessional cast.

HDNet Films is financing all the projects with "Bubble's" budget between $2 million-$3 million. Wagner said this number might increase for the yet-to-be-announced projects, if Soderbergh pitches a compelling concept.

"I'm excited to work with Todd and Mark and appreciate the freedom to create independent films under this new distribution model," Soderbergh said in a statement. "All of us see consumer choice driving the future of the movie industry and this is a giant leap in that direction." Soderbergh has long been a fan of digital filmmaking. His digital projects include Miramax's "Full Frontal" and the HBO series "K Street" and "Unscripted."

The day-and-date strategy will be executed via 2929's Magnolia Pictures label, with theatrical distribution initially taking place at the company's Landmark Theatre chain and TV distribution through the company high-definition cable channel HDNet Movies. It's unclear whether the theatrical distribution will expand beyond 2929's properties, as the strategy of collapsing windows is seen as a threat by many in the industry.

However, as Soderbergh's recent projects, "Criminal" and "The Jacket," both performed dismally at the boxoffice via Warner Independent Pictures, 2929's strategy might provide an attractive alternative for Soderbergh's smaller projects. (2929 also produced "Good Night, and Good Luck," the story of broadcast journalist Edward R. Murrow, directed by George Clooney, Soderbergh's production partner in his company Section 8.)

"I think the distribution strategy was part of why (Soderbergh) did it," Wagner said. "Some of the things he did before didn't get the theatrical attention he would have liked. With us, we can make sure they get theatrical distribution in addition to television and home video. We can get it out there and test this model."

Another driver of this strategy, which Wagner hopes will one day be releasing a theatrical film each quarter, is to add subscribers to his burgeoning HDNet network. "We want the HDNet subscribers to be happy," Wagner said. "We need to make it worthwhile for them to be on the system. With a director of this caliber they will know that this is something we are serious about."

Wagner also hopes that Soderbergh is not the only director to sign on. "This is just the beginning. This deal doesn't prevent other directors or actors from trying to do something different. But we're off to a good start with Steven leading the charge."
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