Michael Mosca buys Equinoxe Films
Assumed control of Canadian indie distributor Aug. 31TORONTO -- Equinoxe Films boss Michael Mosca has acquired the Canadian indie distributor from parent France Film for an undisclosed price.
Mosca, who has run the Montreal-based company for the last 14 years as senior vp and COO, on Thursday said he purchased the brand name for the distribution outfit, established by France Film in 1932, and will go forward with eight employees, down from 14.
Recent departures from the company include distribution vp Marie-Claude Poulin and marketing director Michele Laroche.
Mosca added that the new, scaled-down company has signed new multi-year sub-distribution deals for Quebec with Walt Disney and MGM, and in July, signed a separate sub-distribution deal with Maple Pictures, which releases Lionsgate titles in Canada.
Mosca said he assumed control of the company on August 31 after arranging new financing over the last six months to purchase the Equinoxe brand and allow France Films to exit indie distribution.
"They (France Film) offered me the opportunity to give them an offer to buy them out. It's very amicable," Mosca said from the Montreal headquarters of France Films, where he continues to operate until he finds new digs.
Equinoxe, who struck gold with a string of Canadian releases like "My Big
Fat Greek Wedding," "The Passion of the Christ" and "Mambo Italiano," expects to return to film acquisitions in early 2010 after the company completes its current transition and refinancing.
And Mosca will continue to maintain a film production business, which includes two service productions with American partners to be unveiled at the upcoming Toronto International Film Festival.