Relativity takes stake in recently recapitalised Senator
Senator will release all Relativity’s upcoming slate as the companies plan to build the German distributor’s presence in the local market.
The move means Relativity has signed output deals with all the major markets except Japan, Italy and South Korea.
According to a press release issued by the parties on Wednesday night (Dec 14), Relativity has become a “significant” shareholder.
Senator was recently recapitalised by investment group Sapinda Holding, which is headquartered in Amsterdam, has offices in seven countries and is understood to be willing to fund Relativity’s future strategic initiatives.
Upcoming Relativity releases include Hunter Killer, Safe Haven and Afterburn.
“Senator has a long history within the competitive German marketplace,” Relativity co-president, Tucker Tooley said. “With their new financial commitment from Sapinda, we are optimistic about the future of the business. This new venture is much more than an output deal, it’s a long-term strategic partnership.”
“I am delighted to salute Relativity as our strategic partner,” Senator’s CEO Helge Sasse said. “The relationship sets a new starting point for our company. With Relativity providing its top-of-the-line films to us, Senator will be able to strengthen and expand its position in the German film market on all levels. We would especially like to thank Sapinda for its incredible support.”