By Indiewire | Indiewire July 14, 2005 at 2:00AM
Capital Sets Release of Sachs' "Forty Shades"; Sundance Takes TV Rights
by Eugene Hernandez
Ira Sachs' "Forty Shades of Blue," winner of the American Dramatic Grand Jury Prize at the Sundance Film Festival this year has secured distribution in theaters, on DVD and via cable television. Upstart distributor Capital Entertainment, headed by CEO Harry Winterstern and president Richard Williams, will open the film in theaters in September, before a DVD release and then a pay television premiere on Sundance Channel next year.
The film, directed by Sachs from a script he wrote with Michael Rohatyn, was produced by Margot Bridger, Ira Sachs, Mary Bing, Jawal Nga, and Donald Rosenfeld and executive produced by Geoff Stier and Diane Von Furstenberg. Josh Braun of Submarine Entertainment and Roger E. Kass of RingTheJing Entertainment negotiated the deal with Richard Shore and Richard Williams of Capitol and Christian Vesper from Sundance Channel.
Described as a look at the lives of three people, "Forty Shades of Blue" is the story of a Russian woman (Diana Korzun) who lives in Memphis, TN with an accomplished older music producer, played by Rip Torn. In the words of a description, "A visit from Alan's estranged son Michael (Darren Burrows) is at first a shock to Laura's insular life, but ultimately his place in her home forces Laura see her herself in a different light."
"We are proud to be working with this talented team of filmmakers and look to bringing this exceptional project to audiences nationwide," said Capital CEO and founder Henry Winterstern, in a statement. "This is one of those rare films where the talent carries such a weight of emotion that celluloid enthusiasts will continue to evaluate what they have discovered from this cinematic experience."
"The Delta," Ira Sachs' first feature, debuted at Sundance in 1996 and the filmmaker received the Emerging Talent Award at Outfest in 1997, as well as a Rockefeller Foundation Fellowship in 1999. His new film, "40 Shades," was a project at the Sundance Screenwriter Lab in 1997.
Capital Entertainment has a catalog of DVD titles that includes the upcoming release of Don Letts' "Punk: Attitude," the British prison drama "Bad Girls" and DVD releases of its two recent theatrical releases, Amanda Micheli's "Double Dare" and Laura Gabbert's "Sunset Story."