Sunday, October 12, 2008
Anchor Bay Entertainment will start producing its own films under Anchor Bay Films, aiming for eight to 10 new theatrical releases a year, said Anchor Bay Entertainment CEO Chris McGurk. Anchor Bay Entertainment president Bill Clark will head the new division.
“While many entertainment companies are now dissolving or scaling back their independent film divisions and the independent video industry is experiencing major consolidation, Anchor Bay Entertainment has continued to expand,” McGurk said. “Our company has distribution capability across all platforms — DVD, premium pay TV through Starz and now theatrical. Anchor Bay Films can now provide the high quality, fully integrated distribution platform that independent filmmakers are seeking to maximize exposure for their films.”
Clark said the unit should be up and running by the end of the year, and will have a dedicated executive team.
“It allows us to dedicate exclusive resources to both the theatrical and home entertainment markets based upon the favorable economics we have already experienced,” he said. “We, at Anchor Bay, are thrilled to be able to fill the void in the video business and be the only provider of quality fully integrated distribution across multiple territories for independent films — truly a one-stop shopping solution for this industry.”