Paramount, Gaumont in French DVD deal
EmptyPARIS -- Paramount has pacted with Gallic distributor Gaumont in a deal that will see Paramount Home Entertainment France release Gaumont's DVD titles in the territory beginning Jan. 1.
Both companies announced the deal late Monday.
PHEF will release Gaumont's 800-plus titles on DVD in addition to its own 9,000-strong library. Upcoming Gaumont DVD releases include the national comedies "3 Friends" and "Enfin Veuve" and sci-fi flick "Chrysalis."
The new partnership will allow Paramount to take a 10% market share of the video industry in France. "In a more and more sensible context, Gaumont Video needed a distributor who shares the same vision of the market and highlights now more than ever its quality editorial strategy," Gaumont Video's director Nicolas de la Mothe said.
Gaumont and Paramount have yet to decide in what format their high-definition DVDs will be edited. Gaumont has opted for Blu-ray technology in the past, while Paramount has typically chosen HD-DVD.