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Nigel Sinclair & Guy East Formalize Exits At Exclusive Media; Marc Schipper New CEO

By | Friday March 21, 2014 @ 3:23pm PDT
Mike Fleming

BREAKING: Exclusive Media co-chairman/CEO Nigel Sinclair and Guy East haveExclusiveMediaLogo__121213111446-200x98 finalized their exits, and Marc Schipper has taken the reins as new Exclusive CEO. Insiders say that Sinclair and East will resurface very quickly with White Horse Pictures, a company that will focus on the production of quality feature films and TV programming. The name comes from the prehistoric hill figure known as the Uffington White Horse. The duo had been on the outs with the company’s majority owners who no longer wanted to take big bets in the production business after a few films didn’t hit. The company has downsized since, and for instance exited the Johnny Depp Whitey Bulger film Black Mass, which Warner Bros acquired to distribute worldwide.

Marc SchipperBacked by the Dutch investment fund Dasym Investment Strategies, Exclusive has laid off most of its production department, but it has a strong library of over 1000 and will move forward primarily as a library and sales company. After Deadline dropped the bombshell at Berlin that Sinclair and East would be leaving, subsequent reports put the blame squarely on the Ron Howard-directed Rush. I don’t think that film was the main reason. Though a disappointment in the U.S., the film was hardly a disaster, its $90 million worldwide gross double its $40 million budget, with risk spread among multiple partners. Read More »

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UPDATE: Layoffs At Exclusive Media Today

By | Friday February 21, 2014 @ 3:04pm PST
Mike Fleming

ExclusiveMediaLogo__121213111446-200x98UPDATE, 3:04 PM: The company just sent out this release: “Collaborative and fruitful discussions between Exclusive Media’s management and Dasym Investment Strategies are ongoing. Dasym will continue its support for the company. Together we have taken steps to right size our operations. We anticipate making a formal announcement regarding the go forward plan for the company within the next few weeks.”

PREVIOUS EXCLUSIVE, 2:31 PM: Layoffs have begun at Exclusive Media. I’m told that 6-7 lower-level employees were let go and more will come. This follows the Berlin bombshell dropped by Deadline that an overhaul of the company was going to happen, with co-chairmen Nigel Sinclair and Guy East heading for the exits. The catalysts for all of this change were some costly bets that didn’t pay off. Insiders say that primary investor Dasym Investment Strategies isn’t folding up shop but rather reformulating the future of Exclusive. Stay tuned.

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BERLIN UPDATE: Exclusive Media Comments On Deadline’s Exclusive Shake-Up Story

By | Friday February 7, 2014 @ 4:25am PST
Mike Fleming

excUPDATE, 4:25 AM: Exclusive Media co-chairman/CEO Nigel Sinclair has confirmed Deadline’s exclusive story last night that a reorganization is underway at the company, one that very well could leave the co-founders no longer running the label after some big bets didn’t pay off. Sinclair issued this statement: “Exclusive Media’s management is engaged in collaborative discussions with our partners from Dasym Investment Strategies BV regarding the forward plan for the company. We will make an announcement regarding the outcome of these discussions at the appropriate time.”

Berlin2014_200PREVIOUS EXCLUSIVE, THURSDAY PM: The talk of Berlin is a shake-up that is going on right now at Exclusive Media, the production and foreign sales company that is headed by Nigel Sinclair and Guy East. I’m hearing that this will likely end with both of them either leaving those executive posts or transitioning into producing deals. Insiders acknowledge the turmoil, but denied that Sinclair or East could be fired because they are part owners of the company. Sinclair and East — well respected veterans who were behind Let Me In, The Ides Of March and Woman In Black as well as the music documentaries Last Play At Shea with Billy Joel and the Martin Scorsese-directed docu on George Harrison — formed Exclusive Media when they merged their Spitfire Pictures label into the venture, with an acquisition of Hammer Films coming after. The company is backed primarily by Netherlands-based investment company Dasym Investment Strategies. Read More »

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