Blueprint won't rest at Oasis
EmptyL.A.-based producer Blueprint Entertainment on Thursday said it will acquire a "significant stake" in Toronto-based Oasis International to launch itself into international distribution.
Terms of the private deal were not disclosed, but the agreement will see Peter Emerson continue to run Oasis International as president, while Blueprint secures an international pipeline for its TV product.
"We need to control our destiny, not just by producing, but by selling our shows around the world," Blueprint chairman and CEO John Morayniss said.
Morayniss did not disclose the size of his investment in Oasis, but did say the agreement includes options to increase its stake in the Canadian-based distributor down the road.
His move into distribution follows former TriStar Pictures president Jeff Sagansky and Canadian film producer Robert Lantos in February making an unspecified cash injection into Blueprint to speed up its growth and international reach.
Sagansky also has a stake in another Canadian producer, Peace Arch Entertainment.
Blueprint's latest move solidifies a relationship that began with a 2003 joint venture with Oasis for the international distribution of such Blueprint properties as "Kenny vs. Spenny" and "Iggy Arbuckle."
In a statement, Oasis' Emerson said the "strategic integration and investment" in his company will enable stepped-up acquisition of third-party productions for international distribution as well as add the "clout of the Blueprint brand and relationships" to his business.
Morayniss also stressed that his investment is aimed at allowing Oasis International to more aggressively pursue distribution rights to third-party properties from producers in the U.S., Canada and elsewhere internationally.