October Films co-founder Jeff Lipsky and former exhibitor Tim Grady have started an indie distribution company, called Adopt Films. The pair will hit the Toronto Film Festival this week to announce their first pickup, Marie Losier’s The Ballad of Genesis and Lady Jaye. The documentary is headed for a first-quarter release in the U.S. New York-based Adopt has its eye on narrative indies and foreign-language films as well. Lipsky, who began his distribution career with A Woman Under the Influence, said Adopt is emulating the path forged by early October releases including Mike Leigh’s Life Is Sweet, Gregg Araki’s The Living End, Bill Plympton’s The Tune and Adam’s Rib. Losier’s first feature chronicles the love affair between Brit Genesis Breyer P-Orridge — the founder of industrial bands COUM Transmissions, Throbbing Gristle and Psychic TV — and New York performance artist Lady Jaye. The film had its world premiere at the Berlin Film Festival this year. Lipsky also is a filmmaker and a former executive at New Yorker Films, Samuel Goldwyn Films, and Skouras Pictures, and Grady has been executive producer and exclusive home video rights holder to the Tour de France for North America and the UK for 23 years.
UPDATE 12:13 PM: Apparition just made official its restructuring plans after Deadline broke the story.
EXCLUSIVE: Bill Pohlad has begun the first phase of restructuring Apparition, the indie distribution company that was thrown into disarray when co-founder Bob Berney exited in bombshell fashion just before the Cannes Film Festival. The first step is painful: 60%, or approximately 15 staffers were informed moments ago they are being let go and receiving severance packages. Last day for those staffers is this Friday.