Entertainment Studios Acquires Independent Film Distributor Freestyle Releasing
On 22, Oct 2015 | In Newsroom | By admin
Independent film distribution company Freestyle Releasing has officially joined the Entertainment Studios family. Based in Los Angeles, Freestyle Releasing is a full-service, theatrical motion picture distribution company that specializes in representing independent films. In addition to distributing theatrical motion pictures, Freestyle Releasing distributes digital media content through Freestyle Digital Media and also represents independent film and television producers through its producers representation division, Turtle’s Crossing.
Freestyle Releasing is responsible for releasing films such as “God Is Not Dead,” “Cake,” and “Left Behind.” Together with Entertainment Studios, the studio will release 15-20 feature films per year with the support of an output deal with Netflix, creating a mini-major.
“We could not be more excited to have Byron Allen add Freestyle Releasing to his ever-growing media empire,” said Freestyle co-founder Mark Borde. “We’ve had numerous offers over the years, but now we’ve finally found the perfect buyer who shares our vision for distribution expansion on all platforms: theatrical motion pictures, broadcast syndication, cable television, VOD, and digital content. Our future just got much brighter.”
“Mark Borde and Susan Jackson have done a phenomenal job creating and building Freestyle, and we are 110 percent committed to enhancing their excellent legacy,” said Byron Allen, Founder, Chairman, and CEO of Entertainment Studios. “Freestyle has a great management team, and with their unique output deal with Netflix, the company is very valuable and well-positioned to grab greater theatrical box office market share, and we will maximize this opportunity.”
“This is an historic moment in the film industry,” said Quincy Jones. “One of the best ways to address diversity in our industry is through finance and distribution, and Byron Allen has now taken that first major step, which is long overdue. I am very proud of Byron, and I hope he adopts me.”