Cannes: Exclusive Media Inks Equity Slate Deal
U.K.- and L.A.-based Exclusive Media, the global film production, sales and distribution company, has inked a rolling four-picture equity deal for up to 12 pictures.
The company has partnered with U.K.-based entrepreneur and technology guru Toby Moores and film industry veteran Wendy Rutland for the equity funding.
The investment by Moores will see him take an equity position in some of Exclusive Media’s upcoming slate of films.
No financial details were disclosed but the well-heeled backers likely indicate a substantial commitment.
The structure is designed as the foundation of a long-term partnership, and the partners said they will look "to expand the relationship beyond the initial transaction."
Moores is a U.K.-based entrepreneur and investor in disruptive technologies; his family founded the Littlewoods business empire, which sold in 2002 for several billion dollars.
Rutland boasts 20 years of experience in acquisitions and distribution, including a stint at Image Entertainment.
Moores said: "Wendy and I are delighted to commence our partnership via a deal with Exclusive Media. They are the perfect partner for us."
Exclusive Media's co-chairman and CEO Nigel Sinclair said: "We are looking forward to being in business with Toby and Wendy, and excited to see this new structure grow into something bigger."
The deal was negotiated by Rutland, David Chidekel and Exclusive Media’s Chris Lytton.
The deal was brought into the company by Exclusive Media’s Alex Brunner.
Exclusive Media is at the Cannes market with a sales slate including the Reese Witherspoon and Keanu Reeves starrer Passengers.