Revolution Studios Acquired by Investment Firm Content Partners
Revolution's Vin Diesel franchise film 'xXx: Return of Xander Cage' will be released this month by Paramount.
Revolution Studios has found a new owner in the Los Angeles-based investment firm Content Partners. Content Partners and its affiliate CP Enterprises announced Wednesday that it has acquired Revolution, which includes a library of 126 films, for an undisclosed sum.
Revolution was founded in 2000 by former Fox and Disney studio head Joe Roth. In 2014, Roth sold Revolution to Fortress Investment Group and since then has been led by CEO Vince Totino and COO Scott Hemming. Sidley Austin repped Fortress in the sale to Content Partners.
Under its new ownership, Revolution will continue to operate as a private company, the announcement said, under the leadership of Totino and Hemming, with the latter taking on the additional title as president.
During its first incarnation under Roth, Revolution produced such movies as Black Hawk Down, Maid in Manhattan, Hellboy and xXx. For the past two years, it has concentrated on expanding its library, acquiring titles from Morgan Creek International, Cold Springs Pictures and GK Films, and setting up licensing deals.
In partnership with Lionsgate Television, Revolution was a producer of the sitcom Anger Management, based on the 2003 film of the same name. It is also a producer of the new film xXx: Return of Xander Cage, starring Vin Diesel, which will be released by Paramount on Jan 20.
Content Partners, created in 2006 by former WME COO Steve Kram and Brillstein-Grey Management exec Steven Blume, has made numerous other entertainment-based acquisitions, including the 2013 procurement of rights to the TV series CSI. It currently has interests in more than 350 films and more than 1,500 hours of television.
“Revolution Studios brings with it not only rights to a large catalogue of valuable and durable intellectual properties, but also a wealth of expertise in managing and adding value to film and television assets,” said Kram and Blume in the acquisition announcement.