Former Continental Media Partners Form New Film Venture
Matthew Shreder and James Andrew Felts, backed by private equity group MCG, have formed Concourse Media.
Former Continental Media principals Matthew Shreder and James Andrew Felts have formed a new entertainment venture, Concourse Media.
The Los Angeles-based partners, backed by private equity group MCG, have launched a film sales division, Concourse Film Trade, and a boutique marketing firm, The Industry & Co. Concourse Film Trade will package and acquire movies for domestic, international and worldwide distribution, while also pre-buying rights to projects that have or will have U.S. distribution.
The duo also have plans to launch Concourse Pictures as a distribution arm to acquire and release domestically two to four films a year. Shreder and Felts already have two sales deals through their Concourse banner, with Safelight, starring Juno Temple and Evan Peters, going to Arc Entertainment for a day-and-date theatrical release later this year, while Marvista Entertainment picked up the domestic and Latin American rights to the comedy Sun Belt Express, which stars Tate Donovan and Stephen Lang.
"As global content circulation becomes more integrated than ever, we provide continuity across all the various touch points contributing to a film’s success," Shreder and Felts said on Tuesday in a joint statement. "With that, we feel we are in a great position to grow the company, establish a significant footprint in the domestic and international arenas and ultimately build a strong brand as we bring high-quality commercial feature films to the marketplace," they added.
Shreder, who earlier worked at IM Global and Preferred Content, and Felts, who completed executive stints at CBS Television Distribution and Mockingbird Pictures, jointly ran Continental Media for four years. During that time, they closed domestic and international deals across a slate of over 20 films, including the upcoming release of writer-director Stephen Bradley's Noble, via Aspiration Media/Different Drummer, and the hip-hop breakdance documentary Shake The Dust through Marc Schiller’s Bond360.
Concourse Media is represented by Sheppard, Mullin, Richter & Hampton LLP.