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Endpoint: Spyglass Entertainment



created on: 9/12/2015
by: EvelienVL (1524)
 
 

Company properties

General info :
Spyglass Entertainment was the business name of Spyglass Entertainment, Inc., an American film production company, co-founded by Gary Barber and Roger Birnbaum in 1998.
It is currently owned by Cerberus Capital Management.

Barber and Birnbaum served as co-CEOs, while Jonathan Glickman served as the current President of Production. Jeffrey Chernov was once a production executive at Spyglass Entertainment.

In August 1998, Roger Birnbaum, Caravan's co-founder, left to co-found Spyglass Entertainment at Roth's prompting in which Disney takes an equity stake and a five-year distribution agreement.
With Disney cutting its yearly production output, Roth recommended forming a self-financing production firm such as New Regency Productions.
Caravan after the remaining three films are release, the company went inactive. Caravan's slate of movies projects and an initial financial advance of $10 million to $20 million against future overages was also contributed by Disney.
Spyglass based their operations at Disney's studios.
In October 1998, European media conglomerates Kirch Group and Mediaset invested in theatrical, video and television distribution rights to between 15 and 25 films over five year for Germany, Italy, Spain, Poland and the former Soviet Union.
By May 2000, Disney had taken a 10% equity stake in Spyglass along with Svensk Film Industri of Scandinavia and Lusomundo of Portugal.

In 2002, Spyglass considered a merger with Intermedia but the deal was never carried out. With expiration of the Disney distribution deal in October, Spyglass signed a five-year distribution deal with DreamWorks while Disney retained its stake.
In April 2008 at MIP TV, Spyglass and Canal Plus agreed to a multi-window TV deal for its movies lasting until 2009.
By 2010, Spyglass had moved to Westwood and Cerberus Capital had purchased the company.

On December 20, 2010, the founders of Spyglass Entertainment, Gary Barber and Roger Birnbaum, became co-Chairs and co-CEOs of the holding company of Metro-Goldwyn-Mayer, which had recently at that time emerged from bankruptcy. Since then, Spyglass' operation has been scaled back, though Barber and Birnbaum will continue to operate it through the handling of its library.
The studio now produces only a handful of films per year.
Source :
ENA's

Movies

(82 items)

Item number : 5943

Submitted by : EvelienVL (1524)
on : 09/12/2015
Refined by : bob (9194)
Last updated on: 03/06/2016