'Sharknado' Producer Asylum to Distribute a Dozen Movies Through Cinedigm
The deal is for movies with "drafting opportunities" that play off bigger titles in the market, including 'Little Dead Rotting Hood' and 'Butch Cassidy and The Wild Bunch.'
Cinedigm Corp. has made a distribution deal for a minimum of 12 movies over three years with The Asylum, the company behind the cult hit Sharknado, it was announced on Thursday.
The movies will be “high-concept” pictures that will have “drafting opportunities,” according to an announcement, meaning they will play off bigger better-known movies in the marketplace.
They include Troy: The Odyssey (Action Fantasy), Little Dead Rotting Hood (Horror), Butch Cassidy and The Wild Bunch (Western) and Fortune Cookie (Horror).
The deal does not include Sharknado or any of its sequels.
"Cinedigm is the perfect partner because they truly understand the appeal of our brand of entertainment and how to reach this audience," said The Asylum’s David Latt, who is a partner with David Michael, Paul Bales and David Rimawi.
Asylum finances, produces and releases 20 to 25 modestly budgeted movies a year.
“We have worked with Asylum for many years and have always been in awe of the creative minds of the Davids and Paul,” said Cinedigm Entertainment president Bill Sondheim. “They have their fingers on the pulse of consumers, delivering fun and marketable evergreen films that work well on all platforms, from physical to digital to OTT.”
Cinedigm is acquiring North American rights to the films, including theatrical, digital, video-on-demand and physical home entertainment release. The films will also be available to Cinedigm’s over the top networks, including CONtv, targeted to the Comic Con audience.
The deal was negotiated for The Asylum by David Garber and for Cinedigm by Yolanda Macias.