Relativity Media has completed its purchase of Rogue Pictures from Universal Pictures, Relativity CEO Ryan Kavanaugh announced on Sunday [January 4].
Relativity acquired Rogue's entire library, more than 30 projects in development and ownership of Rogue's producing deals, which encompasses relationships with Wes Craven and Intrepid.
The first picture set for release under the new deal is David S Goyer's horror film The Unborn on January 9. Relativity expects to release three further pictures in 2009 including Craven's thriller 25/8, and a minimum of two films per year each year after that.
Relativity's president of production Tucker Tooley and his team will oversee all future productions. As part of the deal Universal will continue to handle distribution of Rogue Pictures for most of the world.
The announcement comes on the heels of Relativity's landmark equity partnership with Universal announced earlier last autumn in which Relativity will fund a substantial part of Universal's upcoming slate until 2015.
'Rogue is a recognised brand worldwide,' Kavanaugh said. 'They've had success in the horror space in particular, which is something we can expand upon. This purchase allows us to pair our production and finance abilities alongside Universal's extraordinary marketing and distribution team, under the umbrella of a strong and highly-focused brand.'
'Relativity is acquiring a strong, profitable business, and we are pleased to be working with them to continue marketing and distributing Rogue films,' Universal's executive vice president, said. 'We know Ryan and his team will continue to ensure Rogue has an opportunity to flourish.'
Relativity acquired Rogue's entire library, more than 30 projects in development and ownership of Rogue's producing deals, which encompasses relationships with Wes Craven and Intrepid.
The first picture set for release under the new deal is David S Goyer's horror film The Unborn on January 9. Relativity expects to release three further pictures in 2009 including Craven's thriller 25/8, and a minimum of two films per year each year after that.
Relativity's president of production Tucker Tooley and his team will oversee all future productions. As part of the deal Universal will continue to handle distribution of Rogue Pictures for most of the world.
The announcement comes on the heels of Relativity's landmark equity partnership with Universal announced earlier last autumn in which Relativity will fund a substantial part of Universal's upcoming slate until 2015.
'Rogue is a recognised brand worldwide,' Kavanaugh said. 'They've had success in the horror space in particular, which is something we can expand upon. This purchase allows us to pair our production and finance abilities alongside Universal's extraordinary marketing and distribution team, under the umbrella of a strong and highly-focused brand.'
'Relativity is acquiring a strong, profitable business, and we are pleased to be working with them to continue marketing and distributing Rogue films,' Universal's executive vice president, said. 'We know Ryan and his team will continue to ensure Rogue has an opportunity to flourish.'
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