Beta takes Spanish rights to OnPictures films
Also picks up 43 Porchlight TV moviesCOLOGNE, Germany -- Sales group Beta Film has taken over television and other ancillary distribution duties for the feature film catalogue of Spain's OnPictures/Zeta, acquiring Iberian rights for 22 titles controlled by OnPictures, including "Paranormal Activity," "The Reader" and "Gamer" among others.
OnPictures shut down its theatrical operation last year after its bow of "Gamer" in Spain. As with many local independents, the group has been hit by the recession and subsequent advertising drop in Spain, which has had a knock-on effect on television licensing revenue for feature films.
"A lot of Spanish channels aren't buying any films at the moment," says Beta sales exec Eric Welbers, who negotiated the deal. "But they will come back. There is value in these films and we're one of the few companies that can afford to take a long-term perspective."
In a separate deal, Beta picked up worldwide rights to 43 TV movies from U.S. producer/distributor PorchLight Entertainment. Welbers negotiated the deal with PorchLight's former worldwide sales vp Jeffrey Engelen before he moved to Myriad Pictures to head up Myriad's new domestic and international TV division.
Beta will be first offering the new titles to buyers at the MIPCOM market in Cannes in October.