Breaking story of Focus Features’ merger with Universal’s International Production Group.
…With many studio specialty divisions downsizing, Universal Picture’s domestic specialty arm Focus Features and its International Production group are combining forces to create a global company. Focus Features (General Electric-owned Universal recently sold Focus’s low-budget genre label Rogue Pictures to Relativity Media for some $150 million.)
So what does this mean for the Australian Entertainment Industry…
…Focus Features CEO James Schamus and Universal Pictures’ International Production prexy Christian Grass offer filmmakers around the world a chance to set up, finance, produce, sell or distribute their films either locally or in multiple markets, depending on the commercial appeal of each project.
…Schamus said “It’s an opportunity to flow a huge amount of resources into the international filmmaking culture and bring cross-border success for filmmakers to get on the world stage, giving Focus a chance to find new filmmaking talent and give them a worldwide platform.”
Read the complete breaking news at: www.variety.com