Industry veterans Lyndon Golin, Peter Elson and Ray Price have joined forces to launch a U.S. distribution outfit, New Castle Pictures (NCP).
Unlike traditional distributors, the company does not plan to offer filmmakers minimum guarantees for their movies but will instead put up P&A and will let rights holders share in the revenue take for their film’s U.S. release.
The NCP game plan will see the company release four to six indie films, both English- and foreign-language, in its first year of operation, with a combination of VOD releases and limited theatrical bows.
Golin, who will be chairman of NCP, is a former Universal Pictures and MGM exec and currently president and co-founder of art house exhibitor Regency Theaters, which operates 200 screens in Southern California. Elson, named NCP president, is a veteran international sales exec and was former president and head of sales for Largo Entertainment. Ray Price, a former marketing exec for indie exhibition circuit Landmark Theatres, will take the job of exec vp distribution and marketing for NCP.
All three NCP principals will attend the AFM on the lookout for acquisitions for their new venture.