Ambi Group Buys Exclusive Media's Film Library, Which Includes 'Memento,' 'Donnie Darko' and 'Ides of March'
The consortium of film companies, run by Andrea Iervolino and Monika Bacardi, has also acquired titles that Exclusive had been developing.
Ambi Group, a consortium of film companies owned and operated by Andrea Iervolino and Monika Bacardi, has acquired the majority of Exclusive Media Group’s film library as well as rights to a number of titles in development and sequel and remake rights, it was announced Friday.
Ambi is acquiring the library in partnership with New York-based private equity firm Raven Capital Management. Terms of the deal were not disclosed.
Exclusive Media, which was formed in 2008, underwent a change of management last year when founders and co-chairmen Nigel Sinclair and Guy East were forced out by Danish hedge fund Dasyn, a majority stake-holder in Exclusive.
The library deal covers approximately 400 titles, including such films as Begin Again, Cruel Intentions, Donnie Darko, End of Watch, Ides of March, Hit & Run, Memento, The Mexican, Parkland, Rush, The Skulls, Sliding Doors, Snitch, Undefeated and The Way Back.
Ambi's own film slate includes the contemporary fairy tale This Beautiful Fantastic starring Jessica Brown Findlay and Tom Wilkinson; a homage to Federico Fellini’s classic film La Dolce Vita; James Franco’s In Dubious Battle; the 3D CGI family animated film Arctic Justice: Thunder Squad; the sci-fi thriller Rupture starring Noomi Rapace, Michael Chiklis and Peter Stormare; the psychological thriller Lavender starring Abbie Cornish and Dermot Mulroney; the romantic comedy All Roads Lead to Rome, starring Sarah Jessica Parker; and Barry Levinson’s The Humbling, starring Al Pacino, among others.
“Our mission remains to build a strong global studio with an expansive value chain,” Iervolino said. "The acquisition of the Exclusive Media Group library plays into our formula for building the Ambi brand by instantly giving us hundreds of titles across multiple genres that will have long lives with audiences who, with today’s technology, consume content more rapidly than ever before. Content remains king in the film world and today, with this acquisition, we took a major step in building our kingdom.”
Ambi and Raven were represented in the transaction by Greenberg Traurig. EMG was advised in the transaction by Houilhan Lokey and Latham & Watkins.