Confirming rumours that had been buildingfor weeks, French distributor StudioCanal announcedtoday that it will acquire
The companies said, "The deal will helpOptimum grow by combining its resources with those of StudioCanal.This will give Optimum access to one of the largest film catalogues in theworld and to StudioCanal's line-up of new films. It will also allow for larger rightsacquisitions and enable the company to strengthen its existing talentrelationships."
The deal was negotiated by Optimum'schairman Paul Higgins and managing director Will Clarke and StudioCanal'sCEO Frederic Sichler and CFO FabriceFaux. Guillaume de Verges, specialconsultant to Canal + and StudioCanal, advised on thedeal.
Since Optimum's launch in 1999, it hasworked with StudioCanal on releases of filmsincluding The Third Man,This is Spinal Tap, Breathless, and TheLadykillers.
"We have enjoyed working with the team at StudioCanal since day one of Optimum Releasing and believethis is a great opportunity for Optimum to continue growing and we look forwardto building an even bigger distribution operation in the
Optimum's past releases include Amores Perros,
Optimum executive produced Shane Meadows' Dead Man's Shoes and is also committedto further production as a partner in the new Warp X low-budget film studiowith Warp Films, the UK Film Council and Film Four.
StudioCanal is the film production sales anddistribution arm of French media giant Canal+, owned by Vivendi.StudioCanal, created in 1987, boasts a library ofmore than 5,000 films.
"We arethrilled to build the future of StudioCanal in the
Upcoming Optimum releases include RianJohnson's Brick (which StudioCanal has for