UPDATE, 3:25PM: Madison Square Garden Company is buying a 50% stake in Tribeca Enterprises at $45 million, both companies have confirmed. CEO and co-founder Jane Rosenthal will continue to lead Tribeca along with President and COO Jon Patricof. For MSG, the upside is Tribeca’s content, not to mention an entry into the film festival business, while Tribeca will benefit from MSG’s marketing and promotional expertise and platforms. It also puts Tribeca in a position to expand its film festival brand and programs in New York and nationally. In the future, MSG will have the opportunity to up its share in Tribeca.
PREVIOUS BREAKING, SATURDAY 2:41PM: Madison Square Garden Company is making a strategic investment in Tribeca Enterprises — which includes Tribeca Film Festival. MSG is taking a substantial position in Tribeca. We are told MSG’s investment is at least $20 million-plus, upwards of $45 million. MSG and Tribeca are two of the best-known Gotham-based entertainment brands. The Tribeca Film Festival attracted 450,000 attendees last year at $550 a pop for top tier passes and $350 for second tier tickets. The fest is said to generate $750 million in economic activity for New York City. We are told that Tribeca Productions, which was founded by Robert De Niro and Jane Rosenthal in 1989, is not part of the deal.
Related: MSG Teams With Irving Azoff on New Entertainment Venture Read More »
‘The Inbetweeners Movie 2′ Ready To Start Filming
The sequel to the UK’s most successful homegrown comedy film of all time is gearing up to shoot next week. The original Inbetweeners Movie was scripted by Iain Morris and Damon Beesley and based on the British TV series. Morris and Beesley will direct the second feature (Ben Palmer helmed the orignal) about four friends navigating their way through life, this time in Australia. The duo also scripted the film that’s got kangaroos, Aussies “and possibly koalas.” Bwark Productions is producer and will co-finance The Inbetweeners Movie 2 with Channel 4/Film4. There’s an August release set; a summer date that reflects the first film’s debut in 2011.
Tribeca Film Taking ‘Palo Alto’ To North America
Tribeca Film has acquired North American rights to Gia Coppola’s Venice debut Palo Alto. The ensemble teen drama stars Emma Roberts, Jack Kilmer, James Franco, Nat Wolff, Zoe Levin and Val Kilmer. It’s written and directed by Coppola, based on Franco’s short story collection of the same name. Tribeca is planning a spring theatrical release. Read More »
Tribeca Film has acquired North American rights to Scottish director David Mackenzie’s prison drama Starred Up, which stars Jack O’Connell who is making his name quickly known after also landing the lead role as Louis Zamperini in Angelina Jolie’s Unbroken. O’Connell stars in this one with Ben Mendelsohn and Homeland‘s Rupert Friend, and a 2014 U.S. theatrical release is planned for the pic, which played Telluride and Toronto this fall festival season. O’Connell stars as ultra-violent 19-year-old Eric, who is prematurely transferred to the same adult prison facility as his estranged father (Mendelsohn). Eric is approached by a volunteer psychotherapist (Friend) who runs an anger management group for prisoners. Torn between gang politics, prison corruption, and a glimmer of something better, Eric finds himself in a fight for his life. Independent, who worked with Mackenzie on his Berlin Silver Bear winner Hallam Foe, is repping international sales at AFM. The deal was negotiated for Tribeca Film by Alison Diviney, Acquisitions Manager, and Independent’s Abigail Walsh on behalf of the filmmakers. Fox Searchlight will release the film in the UK in spring 2014. Read More »
Tribeca Film acquired U.S. rights to Neil LaBute’s Some Velvet Morning. Stanley Tucci and Alice Eve star in the relationship drama written and directed by LaBute and produced by Tim Harms, Daryl Freimark, Michael Corrente, Trent Othick, … Read More »
A tattoo shop owner and a banjo player fight to save their marriage in Felix van Groeningen’s romantic drama. After scoring the Audience Award in Berlin, The Broken Circle Breakdown won best screenplay and actress trophies at the Tribeca Film Festival in April, and Tribeca Film acquired … Read More »
Geek media company Nerdist Industries makes its foray into distribution with Comic-Con acquisition Zero Charisma, about a dungeon master (Sam Eidson) whose position of power at his regular role-playing game night is threatened by a neo-nerd interloper. Katie Graham and Andrew Matthews directed the … Read More »
Tribeca Film acquired U.S. rights to the Marion Vernoux-directed Bright Days Ahead, which gets its North American preem tonight at Toronto after being released in France earlier this year. The Vernoux-scripted adaptation of the Franny Chesnel novel … Read More »
Tribeca Film and Well Go USA Entertainment co-acquired North American rights to Francesca Gregorini’s (Tanner Hall) psychological thriller Emanuel And The Truth About Fishes. The film stars Kaya Scodelario, Jessica Biel, Alfred Molina and … Read More »
Penn Badgley stars as musician Jeff Buckley in the Daniel Algrant-directed drama, which premiered at the Toronto Film Fest. The pic follows Buckley on the eve of the public singing debut that would launch his career as he comes to terms with the legacy of his … Read More »
The English Teacher stars Julianne Moore, Nathan Lane, Greg Kinnear, Lily Collins and Michael Angarano and will be released this spring as part of a double-team rights deal between Cinedigm Entertainment Group and Tribeca Film. As … Read More »
EXCLUSIVE: Tribeca Film and Focus World have picked up Greetings From Tim Buckley, starring Gossip Girl’s Penn Badgley. Tribeca will release the Daniel Algrant-directed film theatrically next year, with the companies working together on VOD and other digital platforms. The film, … Read More »
The co-star of HBO’s Girls wrote or co-wrote, directed and starred in both the drama Rubberneck and comedy Red Flag, which have been acquired by Tribeca Film. The plan is to release both relationship-themed pics in February 2013 theatrically and on-demand. Rubberneck, co-written by Alex Karpovsky and Garth Donovan, is a story of workplace romance gone wrong. Months after a weekend fling, Boston research scientist Paul (Karpovsky) continues to lust after his beautiful co-worker Danielle (Jamie Ray Newman), nurturing his fantasies with the occasional polite exchange at work. But once she starts dating another scientist at their lab, his infatuation quickly turns into obsession. Red Flag is a road-trip comedy starring Karpovsky as Alex Karpovsky, a newly single indie filmmaker who hits the road with an old friend (Onur Tukel) to promote one of his films. As the pair travels from one half-empty theater to the next, they are pursued by an adoring fan (Jennifer Prediger) who drives them into an exceptionally uncomfortable love triangle. Read More »
Tribeca Films has acquired the North American rights to the thriller Resolution. The distribution company plans to release the film, which premiered earlier this year at the Tribeca Film Festival and the Fantasia International Film … Read More »