Skouras Eyes ‘One-Stop' Network with Ventura Pact15 Mar, 2004 By: Erik Gruenwedel
Seeking to create a full-service studio that controls the theatrical, international, TV rights, foreign sales and home video of its product, Los Angeles-based Skouras Films has entered into a partnership with Ventura Entertainment, a proprietary film division of Thousand Oaks, Calif.-based home video vendor Ventura Distribution.
Financial details and length of the agreement were not disclosed.
Under terms of the deal, Skouras and Ventura will jointly acquire, finance or produce eight direct-to-video productions and four theatrical releases annually, according to the independent film company's founder/president Tom Skouras.
“We wanted someone who shared the passion in the films,” Skouras said. “This is more than just a distribution agreement.”
Skouras has released about 200 films since the 1980s, including Joel and Ethan Coen's first major release Blood Simple, Paul Schrader's The Comfort of Strangers, Mike Newell's The Good Father, Martin Donovan's Apartment Zero and Lasse Hallstrom's multiple Academy Award nominee My Life as a Dog.
Ventura, which distributes content via in-house units UrbanWorks Entertainment, StudioWorks Entertainment and Studio Latino, will also control all video/DVD rights of the partnerships' titles in Canada, the United Kingdom and Australia.
A Ventura representative was unavailable for comment.