Distributor of independent films film level acquired its rival Search Engine Films, Hollywood journalist has learned.
Terms of the deal were not disclosed, but the deal is the latest sign of a Canadian company combining its activities with a rival to gain leverage in the digital negotiations. disruptive like Netflix and Amazon.
âSearch engine acquisition is an exciting step for our business and was a natural next step for film level as we continue to grow in Canada and abroad â, David Hudakoc, general manager of FILM level, said as he unveiled the deal at the European Film Market in Berlin.
The pact comes at a time of consolidation in various areas of the entertainment industry, including among Hollywood giants, such as Walt Disney’s offers A $ 52.4 billion deal for much of 21 Century Fox.
The film level The deal follows Boat Rocker Media’s acquisition of Proper Television and Proper Rights, and Kew Media Group’s acquisition of film and television distribution company Content Media Corp.
film level said it acquired Toronto-based Search Engine Films to expand its film offering. The Toronto based film level in September secured equity financing by selling a controlling stake to a Calgary-based media investor Entertainment Corp.
As part of the deal, former Search Engine chairman John Bain will join film level team as the distribution manager. He launched Search Engine Films in 2013 after executive stints at Maple Pictures and Lionsgate Movies.
Hudakoc and its business partner Michael Baker have launched film level in 2013 as well. Bain will oversee film’s level mailing list and assistance with acquisitions, sales and strategic partnerships.
The next versions of search engines are landing in the film level fold include war drama The end of the trip, with Asa Butterfield, Sam Claflin and Paul Bettany, which is set to hit theaters in March.
This story first appeared in Hollywood journalistThe daily issue of February 17 at the Berlin International Film Festival.