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Goldman Sachs is seeking to offload its two-thirds stake in movie financing and distribution company Alliance Films, the Financial Times reported today. Canadian-based Alliance has a sizable library and is the north-of-the-border distributor for Lionsgate, CBS Films, Weinstein Company, Focus Features and Relativity Media. The remaining third of Alliance is owned by an arm of the provincial government, Investissement Quebec. Alliance financed last year’s Best Picture Oscar winner The King’s Speech, current release Shame plus the horror movie Insidious and the upcoming haunted house thriller The Woman In Black. In addition to Canada, Alliance has distribution operations in the UK and Spain.
Goldman Sachs To Sell Alliance Films Stake
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And here we go….
What did Bill Mechanic say about libraries?
“Melting ice cubes”
-RnsW
Tell that to Miramax, Filmyard Holdings and Colony Capital.
They know. They’re not stupid.
A library is only worth what the top 10-15% titles are worth.
-RnsW
at the time i couldn’t understand the high price paid for miramax but it does seem to be working out for them
Different things. Miramax produced and financed a good portion of the library that Colony bought and owned the worldwide rights to those films, often in perpetuity. Alliance is a distribution company that licenses films in 3 countries for around 12-15 years a pop.
Or Carsey Warner.
Another moronic comment. These libraries are all worth half of what they were worth 5 years ago.
What exactly does this mean?
It means that AA is profitable.
Hopefully this means that Charles Layton can now be dumped.
Bye bye Charles Layton, bye bye! You duplicitous little…..
On the contrary any new owner will want Layton to stay. He is one of the smartest and most talented execs in the industry and the alliance guys are very lucky to have had him at the helm for the last few years.