By Indiewire | Indiewire November 14, 2006 at 8:39AM
Starz, LLC has announced the creation of Overture Films, a company described in an announcement Monday as "a new motion picture studio." The new production and distribution outfit will be headed by CEO Chris McGurk and COO Danny Rosett, both formerly of MGM. A unit of Liberty Media's premium movie service and production/distribution arm, Overture will produce, acquire and release 8 - 12 feature films per year, with a mandate to, "produce quality films that take creative risks and break new ground." Based in Los Angeles with releases set to start in the middle of next year, Overture will begin with a slate that is made up of 60% productions and 40% acquisitions. Mondays announcement indicated a range of projects and genres are targeted (including dramas, socially minded projects, thrillers, comedies, horror films and urban projects), with reports indicating that movies budgeted in the $30 million range are the focus. In a statement, McGurk said:
"Unburdened by the infrastructure and red tape of big studios, Overture Films will provide a unique opportunity for creative talent to return to the fundamentals of film making: original stories, gifted actors and innovative directors. At our studio the creative talent will be central not just in making the films but in helping to develop and execute the marketing and promotional campaigns, including the Internet. Overture Films will embrace and empower talent as true partners in the entire process of making and distributing films."
The complete press release is available on the Starz website. [Eugene Hernandez]