DAILY NEWS UPDATE: NBC/Bravo Deal; "Slaughter Rule" Deal, TLA's "Gay Guys," and a Film Festival in Stores
by Eugene Hernandez and Matthew Ross/indieWIRE with a report by Christopher Henderson
>> NBC to Acquire Bravo from Cablevision for $1.25 Billion
(indieWIRE: 11.04.02) -- After weeks of speculation, NBC has announced an
agreement to acquire Bravo from the Cablevision Systems Corp. for $1.25
billion. The deal, which was announced this morning, does not include the
remainder of Cablevision's Rainbow Media Holdings, the company's television
programming arm that controls Bravo. Rainbow holdings also include the
Independent Film Channel and its IFC Entertainment subsidiary, AMC,
WE: Women's Entertainment, and other national and regional services.
[indieWIRE will publish a full story on the deal tomorrow.]
[DISCLOSURE: indieWIRE LLC publishes IFC Rant as a magazine co-venture with
the Independent Film Channel (IFC). IFC is a part of Cablevision's Rainbow
Media Holdings, Inc.]
>> "Slaughter Rule" Set for Theatrical Release
(indieWIRE: 11.04.02) -- Alex Smith and Andrew Smith's first feature film,
"The Slaughter Rule," has been acquired for theatrical distribution by
Cowboy Pictures. The movie will be released in theaters after a
Sundance Channel preview in December. Sundance acquired U.S.
pay television, DVD and home video rights in a separate pact.
"The Slaughter Rule," which stars Ryan Gosling and David Morse, was
a hit at the Sundance Film Festival this year and it later
screened at the prestigious New Directors/New Films Series in
Manhattan in March.
"It's been a long courtship since we first fell in love with 'The
Slaughter Rule' at the Sundance Film Festival, and I'm very proud
that we've been entrusted with the film's theatrical life," said
Cowboy president John Vanco in a prepared statement.
Cowboy's release of "The Slaughter Rule" will hit theaters after
Sundance Channel airs its sneak screening next month. The film
also features Clea Duvall, Kelly Lynch, David Cale and Eddie Spears. The film will be released on VHS and DVD in February of 2003.
>> TLA Gets "Gay Guys"
(indieWIRE: 11.04.02) -- TLA Releasing has acquired North American
distribution rights to the controversial film, "Nine Dead Gay Guys."
The film will hit theaters in June of 2003, followed by a home video
Directed by Lab Ky Mo, the movie won the audience award at the
Montreal Just for Laughs Festival and the Dublin Gay and Lesbian
"What 'The Life of Brian' did for Christianity and 'South Park' did
for cartoons, 'Nine Dead Gay Guys' does for homosexuality," commented
TLA president Ray Murray in a prepared statement "It's a hilarious
skewering of gay culture, and we are thrilled to bring it to American
audiences." [Eugene Hernandez]
>> Had To Be Made: A Film Fest Coming To Your Video Store
(indieWIRE: 11.04.02) -- Instead of traveling cross country, dressing to the
nines for an opening gala, and waiting in line to possibly get tickets,
attendees of the Had To Be Made Film Festival will be able to see this fest
without leaving their neighborhoods. The festival will be released as a
series of programs at independent video stores across the country starting
in February 2003. Two programs, each including a feature film, two shorts, a
profile of the filmmakers, and coming attractions will be released each
month for five months. Video store customers will then vote for the winning
films online. The voting will conclude with a gala event in Las Vegas.
The festival seeks to take films with little buzz and no big names directly
to well-educated and discriminating filmgoers, said festival founder and
filmmaker Richard Green.
"We haven't invented anything new here," Green told indieWIRE. "The films
are there. There are brilliant films that aren't reaching the public. The
public interest is there and the video retail stores are there with a
knowledgeable staff to market the films. We're simply bringing together all
the elements that are already there."
The festival will run twice a year with awards being announced in July and
January. Selected filmmakers will receive 20 percent of the gross revenue
from the sales of their film to the video stores through the festival. The
winning films will be eligible for collector's edition DVD production and
they will be offered sales representation to distributions channels. The
festival is also inviting independent video store clerks and audience
members to be involved in the selection process.
"The goal of the festival is to bring films that have that element of
passion, that they had to be made mix them with some of the smartest
business people in the industry," Green said. [Christopher Henderson]
[For submission info or for general details, please visit: