Combined company will spearhead a new distribution division.
“This development strengthens our portfolio of film titles,” said Kacy Andrews, CEO of Bigfoot Entertainment. "And we believe that this acquisition will help springboard us into the distribution arena which is Bigfoot's primary focus this year."
Venice, CA (PRWEB) July 6, 2010 -- Bigfoot Entertainment, Inc. has agreed to acquire the assets of Ascendant Pictures to form Bigfoot Ascendant Distribution LLC. The combined company will drive the foreign sales of both companies’ portfolio of titles through Ascendant Pictures’ existing distribution channels, as well as build new relationships.
Founded in March 2002, Ascendant Pictures integrated the creative independence and budget sensibility of Indie film companies with the production and market savvy of major studios, and quickly became one of Hollywood’s most promising upstart film companies. Furthermore, Ascendant developed a foreign distribution operation that distributes its films through output arrangements with major territorial distributors and broadcasters.
“We are pleased that Ascendant Pictures has become a part of the Bigfoot Entertainment family,” said Chris Roberts, Founder and Chairman of Ascendent Pictures. “We do believe that this will positively impact the industry through the consolidated efforts and resources of bringing the combined company’s arsenal of titles to market.”
Titles that will now come under Bigfoot Entertainment’s rights under this new arrangement include completed films such as Who’s Your Caddy? (2007), The Big White (2004), Ask The Dust (2006), Lord of War (2005), and Lucky Number Slevin (2006), as well as other Ascendant Pictures’ titles in the works.
Key personnel of Ascendant Pictures will remain on board in the newly-formed Bigfoot Ascendant Distribution LLC to ensure a smooth continuation of operation under the new management team.
About Bigfoot Entertainment, Inc.
Founded in 2004, Bigfoot Entertainment, Inc. is an international entertainment company producing independent films for the global marketplace. The company finances and develops feature films, documentaries and reality TV shows, many of which have received industry accolades, festival awards and have been distributed throughout the world. Featuring both well-established and up-and-coming American and international talent, Bigfoot Entertainment releases have shot on location worldwide including the United States, Hong Kong, China, Africa, Europe and Vietnam. Bigfoot Entertainment produces many of its projects at Bigfoot Studios, a wholly-owned subsidiary that encompasses six sound stages and on-site state-of-the-art post-production facilities.
Headquartered in Los Angeles with studios in Cebu, Philippines, Bigfoot Entertainment creates content reflecting a Hollywood foundation with a global perspective, and is a wholly-owned subsidiary of Hong Kong-based Bigfoot Ventures Ltd. For more information, visit http://bigfoot.com
About Ascendant Pictures
Ascendant Pictures is an independent film development, production, finance and foreign distribution company. Ascendant combines the creative independence and budget sensibility of groundbreaking “indie” film companies with the production and market savvy of major studios. Ascendant is striving to identify, develop and produce films in a variety of genres with compelling stories and fascinating worlds that inspire and captivate global audiences while having the potential to grow into franchise entertainment properties. With the expertise and experience of its principals, Ascendant has the distinct ability to move films beyond their linear film medium into the interactive entertainment market.
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[Via Legal / Law]