Film manufacturing firm 101 Studios, launched in January by former Weinstein Company govt David Glasser, introduced additions to its govt management group on Friday.
Former New Line govt Michele Newman will function the corporate’s govt vp of finance and technique; overseeing financing, strategic planning, enterprise improvement and the corporate’s operations.
Glasser tapped a pair of former TWC executives in Laurent Ouaknine, who will function 101 Studios’ head of U.S. distribution, and Ennis Hensley, who will be part of as head of worldwide gross sales and distribution.
Ouaknine, who was president of distribution at TWC, shall be tasked with overseeing all aspects of home theatrical rollout for the studio’s movies. Hensley, who was TWC’s president of worldwide gross sales and distribution, will oversee worldwide distribution along with managing the studio’s rising variety of worldwide relationships.
“Michele, Laurent and Ennis bring with them a wealth of experience that will help 101 Studios become the home to talent who are looking for high quality collaboration and innovative teamwork.” Glasser and 101 Studios COO David Hutkin mentioned in a joint assertion.
Glasser was previously president and chief working officer at The Weinstein Company. He launched 101 Studios with Hutkin and the monetary backing of investor Ron Burkle.
101 Studios has lined up greater than $300 million to amass, develop and produce 4 to 6 movies a 12 months within the U.S., and can finance and produce six to eight new TV sequence it has in improvement, together with an already-closed $28.5 million tv take care of Viacom for the primary and second seasons of “Yellowstone,” the Kevin Costner-led western from Taylor Sheridan, which aired on the Paramount Network.
The studio had additionally been negotiating home rights for “The Current War,” a 2017 movie starring Benedict Cumberbatch, which had been tied up in The Weinstein Company chapter proceedings.
Financial backing for the brand new shingle comes from Ron Burkle, managing associate of The Yucaipa Companies; entrepreneur and producer Bob Yari; Marc Leder, co-CEO of Sun Capital Partners, Inc.; Marvin Peart of Marro Media Co.; and Dan Schryer, CEO of DCI Data Center Services. East West Bank has additionally supplied substantial financing, together with capital for the “Yellowstone” funding.
Burkle beforehand supplied financing to Ryan Kavanaugh’s Relativity Media and invested in a number of Weinstein Co. movies.
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