UK independent distributor Momentum Pictures and Paramount Pictures International have struck a six-picture deal whereby Paramount will book the films and Momentum will handle marketing and publicity, as on their traditional releases.
Both are stating that their new joint venture has no “longer-term implications.”
Under the terms of their alliance, the two companies will collaborate on the release in the UK theatrical marketplace of six high profile US films: Law Abiding Citizen and The Rebound from The Film Department, The Crazies from Overture/Paramount Vantage International and Dear John, The Season Of The Witch and The Fighter from Relativity Media.
“The deal is a six picture deal with Momentum and has no longer term implications for either party and we look forward to working with them on these six exciting projects,” Andrew Cripps, President of Paramount Pictures International, stated.
Law Abiding Citizen is slated to be the first film released under the new “Paramount/Momentum” banner. It’s set to go out in UK cinemas on 27 November.
Neither Momentum nor Paramount had any comment on the rationale behind the new arrangement. However, the deal comes at a time of increasing consolidation in the UK distribution sector. Other recent pacts struck in the sector include Warner Entertainment UK’s agreement to handle distribution of Pathe productions in the UK and Ireland and Metrodome’s deal to “represent” Palisades Tartan’s TV and VOD library in the UK.
Momentum is part of the Goldman Sachs-controlled Alliance group in Canada which also includes Spanish distributor Aurum. The company has had a lacklustre year at the UK box office with titles such as Dorian Gray, The Young Victoria and A Perfect Getaway.