(Culver City, October 20, 2009) -- Academy Award®-winning producer Graham King (The Departed) has signed a three-year, multi-film output agreement with Sony Pictures Worldwide Acquisitions Group, it was announced today by Peter Schlessel, President of Worldwide Affairs for the studio. Under the deal, King’s GK Films will independently develop, finance and produce a minimum of two films a year that will be marketed and distributed worldwide by Sony Pictures.
King, who is concluding a first-look deal with Warner Bros, will continue to develop previously agreed upon films with the Burbank-based studio. He will transition to the new agreement with Sony and begin to identify new projects to be developed and financed in-house by GK Films. Such projects will be handled worldwide by Sony Pictures under the provisions of their new arrangement.
“Working with Warners has been, and continues to be, a wonderful experience and I cherish the support and collaboration of the whole team,” said King. “But the deal with Sony Pictures gives us guaranteed distribution for our films and the opportunity to work with a successful and respected studio that handles every type of motion picture equally well. It is a perfect transition for us and I look forward to working closely with the entire Sony team over the next several years on our new slate of films.”
“We have long admired Graham’s consistent taste in commercial and critically acclaimed material,” said Schlessel. “As a producer, he attracts high-profile talent to top-quality and audience-pleasing projects and we couldn’t be more excited to enter into this relationship.”
Added Jeff Blake, Chairman of Worldwide Distribution and Marketing, “Graham delivers the kinds of films that excite audiences throughout the world and his projects will be a fantastic addition to our slate across all of our distribution platforms.”
King launched his independent production company GK Films in May 2007 with business partner Tim Headington. The deal was negotiated for GK Films by COO, Bahman Naraghi with Peter Schlessel. GK Films' Julie Roach and Sony Pictures' David Steinberg were instrumental in closing the transaction.
Graham King's GK Films Moves Output Deal From Warner Bros To Sony Pictures
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It’s interesting that this deal comes from SPAG rather than say Columbia. It was clear that King wanted more freedom with his self financed slate than Warners were able to give.
There was no way WB were ever going to be able to distribute something like Young Victoria and Sony’s many labels gives him plenty of different platforms to distribute his varied output.
And while GK Films could give Columbia or Screen Gems some ‘AAA” films I wouldn’t be surprised if Gk Films slate has more London Boulevard than Edge Of Darkness for Warners tastes.
This is encouraging to hear for those of us who like quality popcorn movies that aren’t dumbed down or killed by a phalanx of studio execs looking to justify their gigs. King has consistently made smart commercial films, even in a marketplace that is so risk averse. Now it looks like he’ll have freedom and autonomy to keep doing that, hopefully without enduring much studio politics.
With all that’s happening in the shaky world of studios, this is the way of the future. The way of the future. (Nod to AVIATOR there–another movie that wouldn’t get made today by the studios.)