SHORT TERM 12, winner of Los Angeles Film Festival Audience Award and the dual winner of SXSW Grand Jury and Audience Awards, is slated as initial release
LOS ANGELES--(BUSINESS WIRE)-- Demarest Films and Cinedigm (NASDAQ:CIDM) today announced they have entered into a co-acquisition and distribution partnership that combines Cinedigm's full service acquisition and digital distribution and marketing capabilities with Demarest's deep financing, development, acquisition and production resources to create a new co-acquisition and marketing arrangement that should greatly expand independent film acquisition, marketing and distribution opportunities for both parties.
Cinedigm is the global leader in digital distribution to theatres and all digital platforms. Demarest is a film and television production and financing company founded in 2011 and run by Sam Englebardt and William D. Johnson.
The parties' first collaboration will be Destin Daniel Cretton's 2013 SXSW Film Festival dual Grand Jury and Audience Award winner SHORT TERM 12. SHORT TERM 12 will be released theatrically August 23rd, with ancillaries following in early 2014.
"We have been looking for ways to work with Sam and William since they formed Demarest Films. We are thrilled they felt as passionate about SHORT TERM 12 as we did and are very happy to bring them in as partners on this powerful film," said Chris McGurk, Chairman and CEO, Cinedigm. "This arrangement is truly unique as it's not a traditional distribution or production relationship - it's a fully-fledged partnership that allows us to share equally in the upsides of our indie films, from theatrical all the way thru the vast ancillary opportunities our distribution expertise and infrastructure provides. It's great to be working with such an innovative team and this arrangement should expand acquisition opportunities for both parties in the future."
"Cinedigm is on the cutting edge of the independent film renaissance and we are thrilled to be partnering with them and tapping into the vast potential that digital distribution provides," said Sam Englebardt, Co-founder and CEO, Demarest Films. "SHORT TERM 12 is a great initial project as it's not only a strong, award-winning film with beautiful performances, but we also believe the long tail ancillaries of this project will be significant. We expect this to be the first of many films that we co-release with Cinedigm and a model that we are excited to replicate with other distribution partners as well."
SHORT TERM 12 is the touching and uplifting story of Grace (Brie Larson), a twenty-something social worker who has channeled the demons of her own troubled past into a passion for helping at-risk teens. Her newest ward, Jayden (Kaitlyn Dever), forces Grace to relive her own difficult upbringing just as she and her boyfriend Mason (John Gallagher Jr.) are on the cusp of making a decision that will change their lives. This is writer/director Cretton's second feature following the 2012 Sundance Film Festival selection I AM NOT A HIPSTER. The film also features Rami Malek and newcomer Keith Stanfield.
Bob Fiorella negotiated the deal on behalf of Cinedigm and Englebardt on behalf of Demarest.
Founded in 2011, Demarest Films is a film and television production and financing company. Demarest's current and upcoming films include Neil Jordan's Byzantium, starring Saoirse Ronan, Gemma Arterton, Jonny Lee Miller and Sam Riley; Max Nichols' Two Night Stand, starring Miles Teller and Analeigh Tipton; Robert Luketic's Paranoia, starring Harrison Ford, Gary Oldman, Liam Hemsworth and Amber Heard; Anton Corbijn's A Most Wanted Man, starring Philip Seymour Hoffman, Rachel McAdams, Willem Dafoe and Robin Wright; Victor Levin's 5 TO 7, starring Anton Yelchin, Berenice Marlohe, Glenn Close and Frank Langella; and Robert Rodriguez's Machete Kills, starring Danny Trejo, Michelle Rodriguez, Jessica Alba, Amber Heard, Mel Gibson and Charlie Sheen. In addition to film investments, Demarest also manages an early-stage venture capital fund and is a significant investor in MoviePass, MiMedia and several other media technology companies.
Over the past decade, Cinedigm has led the digital distribution revolution that continues to transform the media landscape. In addition to its pioneering role in transitioning movie theatres from traditional film prints to digital distribution, Cinedigm continues to advance worldwide cinema modernization with its suite of software products allowing exhibitors and distributors to manage their newly digital businesses with efficiency, insight and certainty. And, as the leading distributor of independent content in the world, Cinedigm collaborates with producers and the exhibition community with unequalled transparency to market, source, curate and distribute quality content across all digital platforms to targeted and profitable audiences. The company's library of over 5,000 titles includes award-winning documentaries from Docurama Films(R), next-gen indies from Flatiron Film Company(R) and acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Film. Cinedigm is proud to distribute many Oscar(R)-nominated films including "The Invisible War," "Hell and Back Again," "GasLand," "Waste Land" and "Paradise Lost 3: Purgatory."
Current and upcoming CEG releases include Destin Daniel Cretton's SHORT TERM 12, Penny Lane's OUR NIXON, Shaul Schwarz's NARCO CULTURA, Jared Moshe's DEAD MAN'S BURDEN, Geoffrey Fletcher's VIOLET & DAISY, Malika Zouhali-Worrall and Katherine Fairfax Wright's CALL ME KUCHU and Jimmy Loweree's ABSENCE.
Cinedigm(TM) and Cinedigm Digital Cinema Corp(TM) are trademarks of Cinedigm Digital Cinema Corp www.cinedigm.com. [CIDM-G]
Cinedigm Public Relations: MBC Maggie Begley Office: 310-301-1785 Mobile: 310-749-3055 Maggie@mbcprinc.com or Demarest: Hiltzik Strategies Josh Raffel Office: 212-430-5056 Mobile: 914-582-8435 email@example.com
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