Indie financier TPC has made its first formal library deal, acquiring 114 titles from Myriad Pictures including The Good Girl (Jennifer Aniston, John C. Reilly), Margin Call (Kevin Spacey, Jeremy Irons, Demi Moore), Van Wilder (Ryan Reynolds), Bob Trevino likes it (SXSW 2024 Audience and Narrative Awards), Simulant (Sam Worthington, Simu Liu, Jordana Brewster) and a robust slate of features produced by Myriad over the past 25 years.
Financial details weren’t disclosed.
TPC plans to continue expanding its footprint in both film library ownership and rights management, particularly with smaller catalogs that are often overlooked by big private equity-backed buyers focused on bulk acquisitions. It said it “intends to fill that void with institutionally backed capital and a hands-on, targeted approach to monetizing content.”
“We’re excited to enter this space with a compelling portfolio and a strategic focus on thoughtful growth,” said TPC CEO David Gendron. “We see library acquisition and management as a natural complement to our broader platform, allowing us not only to service our own assets, but also to offer turnkey backend management solutions to other rights holders.”
Myriad CEO Kirk D’Amico said the sale will allow his company to focus on its new titles, some of which will be announced imminently at the Toronto International Film Festival. “We’re very proud to see these [library] titles continue to be managed and sold by an organization such as TPC,” he said.
TPC launched in 2009 as a production finance company and has grown into a full-service provider supporting studios, producers, brands, and agencies across film, television, commercials and video games. It offers tax credit brokerage and administration, delivery services and production accounting from offices in LA, Melbourne, Vancouver and London, TPC, part of Forest Road which is also the parent of Indie Film distributor Vertical, has financed and serviced more than 1,000 projects globally. It works with films in the $2 million to $30 million-budget range.
Indie producer and distributor Myriad Pictures’ current slate includes SXSW-premiering social media thriller American Sweatshop starring Lili Reinhart and directed by Uta Briesewitz; horror thriller The Pond, directed by Jeff Renfroe and starring Isabelle Fuhrman and Douglas Smith; and Shaman by Antonio Negret, released in August by Well Go USA
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