LOS ANGELES, CA, JANUARY 4, 2009 – Relativity Media, LLC has purchased Rogue Pictures from Universal Pictures, CEO Ryan Kavanaugh announced today. With this deal, Relativity has acquired Rogue’s entire library, its more than 30 projects in development and ownership of its producing deals, including the legendary horror mastermind, Wes Craven and Intrepid.
The first picture set for release under this new deal is writer/director David S. Goyer’s (The Dark Knight) new horror film, The Unborn, produced by Michael Bay and his Platinum Dunes production company. The Unborn is a supernatural thriller that follows Casey (Odette Yustman) a young woman pulled into a world of nightmares when a demonic spirit haunts her and threatens everyone she loves. Plagued by merciless dreams and a tortured ghost that haunts her waking hours, Casey learns that the spirit may be the soul of her unborn twin brother and must turn to the only person who can make it stop– Rabbi Sendak (Gary Oldman). The Unborn opens January 9, 2009.
Relativity expects to release three additional pictures in 2009, including Craven’s thriller 25/8, and release a minimum of two films per year each year thereafter. Relativity’s President of Production Tucker Tooley and his team will oversee all future productions. As part of the deal Universal will continue to handle distribution of Rogue Pictures for most of the world. Today’s announcement comes on the heels of Relativity’s landmark equity partnership with Universal (announced earlier this fall) where Relativity will fund a substantial part of Universal’s upcoming slate until 2015.
“Rogue is a recognized brand worldwide,” said Kavanaugh. “They’ve had success in the horror space in particular, which is something we can expand upon. This purchase allows us to pair our production and finance abilities alongside Universal’s extraordinary marketing and distribution team, under the umbrella of a strong and highly-focused brand.”
Said Michael Joe, Executive Vice President of Universal Pictures, “”Relativity is acquiring a strong, profitable business, and we are pleased to be working with them to continue marketing and distributing Rogue films. We know Ryan and his team will continue to ensure Rogue has an opportunity to flourish.”
Founded in 2004 by David Linde and James Schamus, Rogue Pictures is devoted to producing high-quality suspense, action, thriller, comedy and urban entertainment with mainstream appeal and franchise potential. Past hits include: Strangers, Waist Deep, The Hitcher, Balls of Fury, Dave Chapelle’s Block Party, Unleashed, Doomsday, Fearless, Assault on Precinct 13.
Relativity Bargaining To Acquire Rogue
Editor-in-Chief Nikki Finke - tip her here.
The first picture set for release under this new deal is writer/director David S. Goyer’s (The Dark Knight) new horror film, The Unborn, produced by Michael Bay and his Platinum Dunes production company. The Unborn is a supernatural thriller that follows Casey (Odette Yustman) a young woman pulled into a world of nightmares when a demonic spirit haunts her and threatens everyone she loves. Plagued by merciless dreams and a tortured ghost that haunts her waking hours, Casey learns that the spirit may be the soul of her unborn twin brother and must turn to the only person who can make it stop– Rabbi Sendak (Gary Oldman). The Unborn opens January 9, 2009.
Relativity expects to release three additional pictures in 2009, including Craven’s thriller 25/8, and release a minimum of two films per year each year thereafter. Relativity’s President of Production Tucker Tooley and his team will oversee all future productions. As part of the deal Universal will continue to handle distribution of Rogue Pictures for most of the world. Today’s announcement comes on the heels of Relativity’s landmark equity partnership with Universal (announced earlier this fall) where Relativity will fund a substantial part of Universal’s upcoming slate until 2015.

Holy crap, is it just me or does Ryan look like Baron Harkonnen from Dune?
Baron Harkonnen on Wikipedia
success in the horror space‘
!
success in the horror space‘
The “horror space” lies wedged between the Realm of Fantasy, the Science Fiction Region, and the Romantic Comedy Void, and is roughly oblong in shape.
As for the deal itself, it looks like they’re buying Universal on the installment plan, and while I don’t exactly see where this is going, I wish them luck.
Wow. If those dogs are considered “past hits” then Hollywood is in worse shape than I thought. Isn’t it time to help that crowd get a G.E.D. instead of pandering bad movies toward them? Guess the Obama ‘yes we can’ attitude hasn’t really caught on where corporate H’wood is concerned.
where does this guy keep getting money? i thought the hedge funds went dry. when even dreamworks has trouble getting bank, how exactly does this clown (who has a record of failed companies) keep going? i don’t get it….
past hits include: Strangers, Waist Deep, The Hitcher, Balls of Fury, Dave Chapelle’s Block Party, Unleashed, Doomsday, Fearless, Assault on Precinct 13.
Is there a typo in there? Shouldn’t the “s” in “hits” actually be before the “h”?
Well new management shouldn’t hurt too bad. But what a joke, “The Hitcher” and “Doomsday” hits? PLEASE!
What will Scott Lambert’s role be?
I think I saw a preview of The Unborn and looks great. Didn’t know Oldman was in it (a bonus).
Great news that Rogue will keep churning them out. Good luck with the acquisition. I know of a script that would fit nicely into their portfolio.
“Rogue is a recognized brand worldwide”
You know what, Ryan? It’s not. But here’s how you could make it a recognized brand: By having it have some kind of standard. Hammer House of Horror made their name by putting out certain types of horror movies. They were by no means shining works of brilliance, but they were smart, and smartly made. The market is ripe for some name brand logo to represent good ANYTHING (esp. since Joel Silver has failed on Dark Castle). So why not hire yourself some talented production execs and take advantage of this new acquisition?
Or not.
How long before he sells Rouge?
*scratches head*
Can somebody explain to me how DOOMSDAY can qualify as a hit? It’s a movie that came with a production budget of $ 30 million, according to Screen Internation, $ 33 million according to Variety. The European sources quote the budget at 17 million UK pounds. Since the Sterling fluctuated quite a bit during the movie’s production time in 2007, that may account for the difference.
For this purpose, let’s be nice and quote the $ 30 million as the overall budget and not factor in any type of potential marketing budget on top of that.
So, the numbers are thusly.
BUDGET: $ 30,000,000
THEATRICAL BOX OFFICE, GLOBAL: $21,567,843
THEATRICAL DISTRIBUTOR PROFIT, GLOBAL
(appr. 45 % of B.O.): $ 9,705,529
DVD SALES US, GROSS: $9,627,982
DVD SALES GLOBAL, GROSS: $ 19,648,942
extrapolated, based on the theatrical breakdown between domestic and foreign markets, which indicate a 49:51 split
DVD PROFIT, GLOBAL: $ 7,859,577
extrapolated, based on a profit margin of 40 percent (rather generous) per store sale dollar for the studio/distributor
That would leave the movie’s profit stream, at the moment – barring TV deals etc. – at: $ 17,565,106
Considering its production budget alone was $ 30,000,000, that would leave this movie in the red by a whopping
$ – 12,424,894
Now, THE STRANGERS, if one breaks down the numbers, that would qualify as a financial hit, sure… UNLEASHED? Not so much. Some of the other movies, like THE HITCHER remake, I don’t have enough solid data to do a quick breakdown, but all thing’s considered, that sounds to me more like a vanity buy than a solid financial investment.
Think they’ll finance another Firefly movie?
Yeah, I know…funny.
That’s good though at least we know not every company is broke.