IFC Gets Home Video Treatment From MGM23 May, 2002 By: Kurt Indvik
MGM Home Entertainment and IFC Entertainment have announced an ongoing agreement for MGM to distribute select films released by IFC Films on DVD and VHS. IFC Entertainment is a division of Bravo Networks, a part of Rainbow Media Holdings Inc.
The Business of Strangers, a thriller starring Stockard Channing and Julia Stiles, is the first title set for release, debuting on DVD and VHS Aug. 6. Other titles scheduled for release include Arliss Howard's Big Bad Love, starring and produced by Debra Winger; Alfonso Cuar?n's box office hit Y Tu Mamá Tambi?n; Brad Anderson's Happy Accidents, starring Marisa Tomei and Vincent D'Onofrio; Spring Forward, starring Ned Beatty and Liev Schreiber; Kristian Levring's The King Is Alive; and Paul McGuigan's Gangster No. 1, starring Malcolm McDowell and Paul Bettany, among others.
“IFC is widely recognized for its quality independent films,” said David Bishop, president and COO of MGM Home Entertainment Group in a statement announcing the partnership. “We are thrilled to be given the opportunity to include these offerings in our future slate of releases.”
IFC's Y Tu Mamá Tambi?n is currently in release ($10.2 million box office as of May 19) and was nominated for a Golden Globe. Also currently in release from IFC is the comedy My Big Fat Greek Wedding ($5.7 million box office, May 19), starring Nia Vardalos and John Corbett, and produced by Tom Hanks and Rita Wilson.
Upcoming IFC features include Paul McGuigan's Gangster No. 1; The Ch?teau, a comedy starring Paul Rudd and directed by Jesse Peretz, who was recently named one of Variety's “10 Directors to Watch;” Jordan Melamed's Manic, starring Don Cheadle and Joseph Gordon-Levitt; Rose Troche's The Safety of Objects, starring Glenn Close and Dermot Mulroney; and Austin Chick's feature film debut, XX/XY, starring Mark Ruffalo.
“We are very proud that IFC Films has grown so quickly into a company that can provide this kind of quality product to the rental arena, and we are pleased to align with MGM, the industry's top-performing home entertainment group,” said Jonathan Sehring, president of IFC Entertainment.
Early in 2001, MGM and Rainbow formed a strategic partnership whereby MGM acquired a 20 percent ownership interest in four of Rainbow Media's national cable networks: American Movie Classics (AMC), Bravo, The Independent Film Channel (IFC) and WE: Women's Entertainment.