DreamWorks Studios Looks to Mister Smith for International29 Aug, 2012 By: Chris Tribbey
DreamWorks Studios has inked a deal with film financing and licensing company Mister Smith Entertainment for most of DreamWorks Studios’ international distribution, including home entertainment.
DreamWorks will continue to look to The Walt Disney Co. for distribution in North America, and territories outside of Europe, the Middle East and Africa. DreamWorks’ partner, Reliance, will retain distribution of films in India.
David Garrett, co-founder of Summit Entertainment, partnered with German film company Constantin Film to form Mister Smith earlier this year.
“David has a proven track record, and his years of experience in building Summit International will help us in this next step of growing our business,” said Jeff Small, DreamWorks Studios president and COO. “This partnership allows us to best capitalize on the expanding global marketplace and generate foreign sales as a revenue source. We appreciate Disney’s continued support of our company and our ongoing partnership.”
Among the first films falling under the new partnership is Need for Speed, which will begin shooting early 2013. Twentieth Century Fox will handle foreign distribution on upcoming DreamWorks releases Lincoln and Robopocalypse.
“I could not hope to be working with a more exceptionally talented and delightful group of people, and I hope that we will find a way of creating new and exciting synergies together, in the ever-changing international landscape,” Garrett said. “DreamWorks also have a very compelling, original and diverse slate of pictures in development, which is wonderfully refreshing. We also hugely look forward to working with the Disney team, who have been so supportive of DreamWorks' new strategy.”