Universal, STX Ink Distribution Deal7 Apr, 2015 By: Erik Gruenwedel
Universal Pictures Home Entertainment April 7 announced it has entered into a multiyear partnership with STX Entertainment. Under the agreement, Universal will handle all marketing, sales and distribution services for STX’s theatrical releases on Blu-ray Disc, DVD, electronic sellthrough and transactional VOD across North America.
Financial terms of the announcement were not disclosed.
STX recently announced the first four motion pictures it will release theatrically. On July 31, the studio will debut The Gift, a contemporary psychological thriller from Jason Blum's Blumhouse, directed by Joel Edgerton and starring Jason Bateman, Rebecca Hall and Edgerton. Secret in Their Eyes will be released Oct. 23. The thriller is written and directed by Billy Ray and stars Chiwetel Ejiofor, Nicole Kidman and Julia Roberts.
Jan. 22, 2016, STX will release The Boy, a horror film from director William Brent Bell (The Devil Inside), and starring Lauren Cohan (“The Walking Dead”). And finally, March 11, 2016, sees the theatrical debut of action-drama The Free State of Jones, starring Matthew McConaughey, Gugu Mbatha-Raw, Keri Russell and Mahershala Ali.
“Universal has one of the most aggressive and inventive home entertainment teams in the industry. Their philosophy of being platform agnostic and allowing for growth in new and emerging areas of delivery is very exciting,” Adam Fogelson, chairman of the STX Entertainment Motion Picture Group, said in a statement.
The Universal agreement marks the second partnership for STX, which in January closed a multiyear output agreement with Showtime Networks to bring motion pictures distributed theatrically by STX exclusively to Showtime Networks during the premium television window. The deal covers the studio’s theatrical releases through 2019.
“STX will be an excellent complement to Universal’s exceptional portfolio of diverse home entertainment distribution partners,” Peter Levinsohn, president and chief distribution officer, Universal Pictures, said in a statement.