Entertainment One Inks Distribution Deal With DreamWorks Studios
LONDON – Canadian giant Entertainment One has inked a four-year output agreement with DreamWorks Studios to distribute the studio's output in all media across the U.K. and Benelux.
“We’re delighted to collaborate with Steven Spielberg, Stacey Snider, Jeff Small and the innovative DreamWorks team in two of eOne’s core territories," said Patrice Theroux, eOne’s president of filmed entertainment.
Theroux described the pact as a "momentous opportunity" to be working with "such esteemed partners and broaden our international slate with top-quality commercial films for years to come."
The first title to go out through the agreement with eOne will be the remake of Starbuck, starring Vince Vaughn, which is set to shoot October 2012 for release in 2013.
Small, DreamWorks’ President and COO, and eOne’s Theroux brokered the deal via David Garrett’s international licensing and distribution company Mister Smith Entertainment.
Garrett's company handles DreamWorks’ films in Europe, Africa and the Middle East.
DreamWorks’ U.S. distributor, The Walt Disney Co., will continue to handle North America, Latin America, Asia, Russia and Australia.
Reliance continues to bankroll production of DreamWorks’ films and hold distribution rights in India.
“On behalf of Steven and Stacey, we are so excited to be in business with the amazing team at eOne. They are an industry leader in the U.K. and Benelux and we know our films will be handled with the utmost skill and creativity by the eOne marketing and distribution teams,” said Small.
DreamWorks Studios was formed in 2009 and is a partnership between Spielberg, Snider and The Reliance ADA Group.
The Reliance ADA Group is one of India’s largest conglomerates and in the past several years has entered the filmed entertainment space both as a production studio and as a strategic investor in companies such as IM Global and Lava Bear Films, with which eOne also has partnerships.