MICHAEL EISNER SIGNS FILM DISTRIBUTION PACT WITH UNIVERSAL
(The following is a reformatted version of a press release issued by Universal Pictures and received via electronic mail. The release was confirmed by the sender.)
UNIVERSAL PICTURES AND MICHAEL D. EISNER’S TORNANTE COMPANY STRIKE MULTI-YEAR GLOBAL DISTRIBUTION DEAL FOR FEATURE FILMS
LOS ANGELES, CA, November 13, 2012-- Universal Pictures and Michael D. Eisner’s Tornante Company announced today a multi-year worldwide distribution deal for feature films. Under the deal, Universal will market and distribute films fully financed by Tornante.
Eisner, who founded The Tornante Company, a privately held company that invests in, acquires, and operates companies in media and entertainment, also founded Vuguru, an independent studio that develops and finances scripted, story-driven content for digital and international platforms including The Booth at the End on Hulu and Little Women BIG CARS on AOL. Vuguru has multi-project licensing and distribution deals with AOL and Yahoo! and recently announced a major output deal with FremantleMedia Enterprises for international distribution of future Vuguru titles.
Through Tornante, Eisner and Madison Dearborn Partners acquired The Topps Company, the leading creator and marketer of sports cards, distinctive confectionery, and other entertaining products for well over 50 years.
Before launching The Tornante Company in 2005, Eisner held the position of Chairman & Chief Executive Officer at The Walt Disney Company for 21 years, transforming it from a film and theme park company with $1.8 billion in enterprise value into a global media empire valued now at $100 billion. Prior to that, Eisner was President of Paramount Pictures, turning out hit films such as Raiders of the Lost Ark, Saturday Night Fever, Grease, and Terms of Endearment.
About Universal Pictures Universal Pictures is a division of Universal Studios (www.universalstudios.com). Universal Studios is part of NBCUniversal. NBCUniversal is one of the world’s leading media and entertainment companies in the development, production and marketing of entertainment, news and information to a global audience. NBCUniversal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group and world-renowned theme parks. Comcast Corporation owns a controlling 51% interest in NBCUniversal, with GE holding a 49% stake.
About The Tornante Company Founded in 2005 by Michael Eisner, The Tornante Company (www.tornante.com) is a privately held company that invests in, acquires, and operates companies in media and entertainment. Tornante’s companies include The Topps Company, Inc., Vuguru, Activate, Tornante Animation, WhoWhatWear, Task Rabbit, Zumbox and AirTime.
Universal Pictures Kori Bernards SVP, Communications (818) 777-7216 firstname.lastname@example.org
The Tornante Company Adam Schiff 212-981-5216 Adam_Schiff@dkcnews.com