eOne International Shuttered Following Sierra Investment
Nick Meyer's Sierra Pictures will take over eOne International's film sales and marketing, handling sales of titles like 'Spotlight' and 'Trumbo' in Berlin next month.
eOne International, the London-based international sales and distribution arm of Canadian film and television group Entertainment One has been closed, a source has confirmed to The Hollywood Reporter.
Sales and marketing of eOne International's slate will shift to Sierra Pictures. Just last week, eOne announced it had made a strategic investment in Nick Meyer's Sierra.
Sierra will bring eOne's movie slate — including awards contenders Spotlight and Trumbo — to the European Film Market at the Berlin Film Festival next month. Films produced and acquired by eOne Features, as well as eOne-distributed titles from The Mark Gordon Company, will be handled by Sierra outside Canada, the U.K., Australia/New Zealand, Benelux and Spain, where eOne directly distributes films.
The movie production unit, led out of London by Xavier Marchand, and eOne's indie sales arm Seville International, run from Canada, will not be impacted by the closure. The indie last year rejigged its global film business by combining its international sales and production division under the eOne Features banner.
Marchand became president of the division, bringing together feature film development production and international sales, with Steve Bertram, president of the global film group, overseeing.
The source said that the team were informed about the move last Thursday, the same day the Sierra investment was formally announced. There has been no word on the number of job losses, if any, and whether eOne film sales execs will join the revamped Sierra unit.
An eOne spokesperson had no comment on the shuttering of the eOne International film sales unit.