Cannes: Haim Saban Launches North American Distribution Company Saban Films
Haim Saban's Saban Capital Group has launched Saban Films, a distribution company with plans to acquire 8 to 10 feature films per year for North American distribution.
RLJ Entertainment vet Bill Bromiley has been tapped as president of the new company. Bromiley will begin in Cannes this month, looking to acquire commercial, talent-driven films in various states of production.
Saban, the billionaire producer behind Power Rangers, Masked Rider and VR Troopers, has plans to partner on the films with a major studio distribution partner and those talks are ongoing.
"I have a long-standing and deep affection for independent film and saw an opportunity in the theatrical distribution arena as well as an emerging distribution platform strategy that focuses on cable, satellite, and telco VOD. Film is a natural progression for Saban Capital Group, with existing interests already in television, media and brands," said Saban in a statement.
The management team of the new venture will also include Shanan Becker, chief financial officer, and Ness Saban, director of business development.
Adam Chesnoff, President and COO of Saban Capital Group said: "We've put together a team led by a forward-thinking industry veteran who shares the vision, scope and principles which are at the core of the Saban brand."
Bromiley previously served as chief acquisitions officer of RLJ Entertainment, formerly known as Image Entertainment, where he was responsible for the acquisition of all content. While at Image, Bromiley shepherded such titles as Management, The Way Back, Before the Devil Knows You're Dead and Encounters at the End of the World.
Becker joins Saban Films from RLJ Entertainment, where he served as the executive vp business operations, overseeing finance, planning and analysis, along with cash management of the feature film division. Becker has previously held senior positions at Paramount Home Entertainment and DreamWorks Home Entertainment.