FilmNation buys GreeneStreet division

Glen Basner's firm acquires int'l sales arm

FilmNation, the international sales and distribution company launched last year by former Weinstein Co. exec Glen Basner, has acquired GreeneStreet Films' international sales arm.

Under the agreement, announced Monday by Basner and GreeneStreet co-heads John Penotti and Tim Williams, FilmNation will serve as GreeneStreet's exclusive international sales agent. Amy Beecroft, who headed GreeneStreet Films International, will join FilmNation as senior vp international sales.

FilmNation also will sell the films financed and produced by A Bigger Boat, the new television and film outfit that Peter Block runs in partnership with GreeneStreet.

GSFI's personnel either will be absorbed as part of the acquisition or remain with GreeneStreet and A Bigger Boat.

The first projects to be sold by FilmNation include Bigger Boat's "Frozen," a thriller written and directed by Adam Green, and GreeneStreet/Boat's "Untitled Peter Farrelly/Charlie Wessler Comedy" (which Overture will release in North America) and Matt Reeve's "The Invisible Women."

Basner worked with GreeneStreet during his tenure at Good Machine, when he handled "In the Bedroom," and at the Weinstein Co., when he handled "Awake."

"Since the production capabilities of our company are growing through A Bigger Boat's upcoming films, this is a perfect opportunity to segue our long-standing international sales business into the very capable hands of FilmNation," Penotti and Williams said.

FilmNation also serves as the exclusive international sales agent for Media Rights Capital and Samuels Media Group and has a nonexclusive multipicture deal with Endgame Entertainment. It recently formed a production arm run by Aaron Ryder.
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