Submarine Pacts With SnagFilms, Launches Torpedo Pictures
Submarine Entertainment announced today at the Cannes Film Festival that it has licensed three films to on-demand hub SnagFilms: Sundance 2011 entry Letters From The Big Man, about a Forest Service employee who stumbles across a sasquatch in the Oregon wilderness; punk-rock documentary Hi My Name Is Ryan; and 2010 Berlin title Arias With A Twist: The Documentary, about the collaboration between cabaret and drag artist Joey Arias and master puppeteer Basil Twist. SnagFilms now has exclusive cable VOD and digital distribution rights to the films in the U.S. and will release them across all platforms this year.

Torpedo Pictures, being launched with Dakota Group, will house a slate of low-budget sci-fi, horror and thriller genre films with budgets between $500K-$1.5 million. Dakota Group will finance the slate, while Submarine will rep worldwide rights.

Anchor Bay Takes Officer Down & Pawn
Anchor Bay Films has acquired all English-speaking territories for the action titles Officer Down and the Michael Chiklis hostage drama Pawn from Red Sea Media, which has completed sales on both to Polar Star (Latin America), Globo TV (Brazil), Dutch FilmWorks, (Benelux), Eagle Films (Middle East), IPA (Thailand), Prorom (Romania), and Horizon Int’l (Turkey).