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In its latest striking acquisition, Vine Alternative Investments has snapped up Lakeshore Entertainment’s library in a deal observers have valued in the $200m range, as well as the company’s international sales operation.
The library comprises approximately 300 films and TV series including Million Dollar Baby, the Underworld action fantasy series, Runaway Bride, Lincoln Lawyer, and The Ugly Truth.
Deal - New - Vine - Village - Roadshow
It is understood that the deal means New York-based Vine, which also owns Village Roadshow Entertainment Group, gets worldwide distribution rights, copyrights, and remake and sequel rights on a number of the titles that Lakeshore produced, which amount to more than 70 titles in the library.
In 2015, Lakeshore Entertainment and Vine Alternative Investments Group struck a deal to co-finance 12 features. Over the last five years Lakeshore’s management team of co-CEO and founder Tom Rosenberg, co-CEO Eric Reid, CFO Marc Reid, and president Gary Lucchesi advised Vine...
(Excerpt) Read more at: Screen
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