Warner Bros. and Alcon Entertainment have extended their long-standing output distribution agreement through 2019.
Alcon also has secured $200 million in financing via a structured finance transaction involving a bank syndicate led by JPMorgan Chase, CIT Bank and Bank of America.
The pact between Warner Bros. and Los Angeles-based financing and production company Alcon started in 1998, the year after Alcon was founded. The new pact marks the fifth time in the past 17 years the two companies have extended the agreement.
The companies’ next film with be The 33, the drama about the survivors of the 2010 Chilean mine collapse. Starring Antonio Banderas and Juliette Binoche, the film will be released wide via Warner Bros. on Nov. 13.
Other upcoming films include Point Break, Bastards and a sequel to Blade Runner, with Ryan Gosling in negotiations to star with Harrison Ford. Starting with The 33, Warner Bros. will release a minimum of 10 new films from Alcon Entertainment.
“Andrew [Kosove], Broderick [Johnson] and Alcon have been great partners to Warner Bros. for the last 15 years,” said Kevin Tsujihara, chairman and CEO of Warner Bros. “Their films are always great additions to our slate, and I’m very glad they’ll continue to be a part of the Warner Bros. family for years to come.”
Alcon’s COO, Scott Parish, along with its outside counsel, Scott Edel of Loeb and Loeb negotiated both the WB and the new bank deals.
