The deal, which runs through 2010, will add an additional eight to 12 titles annually to Alliance's releeasing slate, beginning with Callie Khouri's Mad Money on January 25, 2008. Overture recently acquired all North American rights to Tom McCarthy's The Visitor at Toronto. The company is currently in production on Traitor, a thriller starring Don Cheadle and Guy Pearce.
Other titles are Righteous Kill, featuring Robert De Niro and Al Pacino, now shooting, Last Chance Charlie, which begins shooting in October with Dustin Hoffman and Emma Thompson, and Ferris Wheel, a pick-up from earlier this year starring Charlize Theron. The company is in active development on Jon Amiel's Vietnam War-era 105 Degrees And Rising.
'We have tremendous respect for Victor Loewy, Charles Layton, Xavier Marchand and the entire management team,' McGurk and Overture COO Danny Rosett said in a statement. 'Alliance's rich history and strong foothold in the marketplace ensure that they will continue to be the premiere distribution partner in Canada. We are delighted to be collaborating with them.'
'I am thrilled to enter into this partnership with Overture Films, a dynamic new company with solid backing that is certain to achieve long term success,' said Loewy. 'We look forward to applying our extensive resources and expertise to Overture's impressive slate of properties.'
Overture said the Alliance deal completes its global distribution plan, which includes domestic theatrical and home entertainment pacts in the U.S. via sister company Anchor Bay Entertainment, and a pay TV output deal in the U.S. with parent company Starz. An international distribution arrangement with Paramount Vantage International and Paramount International was sealed earlier in 2007.
Alliance has output deals with Miramax, New Line, The Weinstein Company and Focus Features among others.