Arthouse streamer Mubi has unveiled a deal to take a majority stake in Benelux indie distributor Cineart.
Terms of the deal were not disclosed, but the agreement will see the management team at Cineart remain intact, while co-CEOs and longtime execs Marc Smit and Stephan De Potter will retain “significant” stakes in the company.
“I’ve known and worked with Marc and Stephan for over 15 years, and admire what they’ve done with Cinéart. They are two of the most sophisticated and visionary operators in the business. We are delighted to be partnering with them and the whole team at Cineart, and can’t wait to bring more great films to audiences in Benelux together,” Efe Cakarel, founder and CEO of Mubi, said in a statement on Tuesday.
Cineart was part of a multi-territory deal for Sofia Coppola’s feature Priscilla ahead of a world premiere at the Venice Film Festival.
Terms of the deal were not disclosed, but the agreement will see the management team at Cineart remain intact, while co-CEOs and longtime execs Marc Smit and Stephan De Potter will retain “significant” stakes in the company.
“I’ve known and worked with Marc and Stephan for over 15 years, and admire what they’ve done with Cinéart. They are two of the most sophisticated and visionary operators in the business. We are delighted to be partnering with them and the whole team at Cineart, and can’t wait to bring more great films to audiences in Benelux together,” Efe Cakarel, founder and CEO of Mubi, said in a statement on Tuesday.
Cineart was part of a multi-territory deal for Sofia Coppola’s feature Priscilla ahead of a world premiere at the Venice Film Festival.
- 2/6/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Arthouse streamer and distributor Mubi has acquired a majority stake in leading Benelux indie distributor Cinéart, further bolstering its global firepower as it continues to expand outside of its core streaming business.
Financial details of the deal were not revealed, but the acquisition will see Cinéart’s management team continue to lead the company as an independent European distributor, with no changes in operations. Cinéart will maintain its current team structure and slate of films, and will carry on working closely with its long time partners. Co-CEOs of Cinéart, Marc Smit and Stephan De Potter, will remain significant shareholders of the company.
Founded in 1975 by the late Eliane Dubois, Cinéart has offices in Amsterdam and Brussels and has released numerous prestige independent films, including “Slumdog Millionaire,” “The Artist,” “Amour,” “I Daniel Blake,” “Deux Jours Une Nuit,” “Son of Saul,” “The Worst Person in the World,” “The Whale” and current awards contender “The Zone of Interest.
Financial details of the deal were not revealed, but the acquisition will see Cinéart’s management team continue to lead the company as an independent European distributor, with no changes in operations. Cinéart will maintain its current team structure and slate of films, and will carry on working closely with its long time partners. Co-CEOs of Cinéart, Marc Smit and Stephan De Potter, will remain significant shareholders of the company.
Founded in 1975 by the late Eliane Dubois, Cinéart has offices in Amsterdam and Brussels and has released numerous prestige independent films, including “Slumdog Millionaire,” “The Artist,” “Amour,” “I Daniel Blake,” “Deux Jours Une Nuit,” “Son of Saul,” “The Worst Person in the World,” “The Whale” and current awards contender “The Zone of Interest.
- 2/6/2024
- by Alex Ritman
- Variety Film + TV
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