Magazine article Screen International

Sony Pictures, Scott Sanders Team Up on Stage Partnership

Magazine article Screen International

Sony Pictures, Scott Sanders Team Up on Stage Partnership

Article excerpt

The studio has signed a five-year deal with Scott Sanders Theatrical Productions (SSTP) to develop and produce stage versions of Sony films.

Under the terms of the agreement the distributor has purchased a 20% equity stake in SSTP, the New York-based production company specialising in theatre and live entertainment, which in return gets first-look privileges on Sony's slate and will serve as its chief theatrical consigliere.

Sony president of worldwide business affairs and operations Andrew Gumpert negotiated the deal with Scott Sanders, the SSTP founder who leads the company with private equity partners Robert Kraft, David Kraft, Roy Furman and Jim Fantaci. Sony chairman and CEO Michael Lynton oversaw the transaction.

"Expanding our successful relationship with Scott Sanders was the natural next step that provides the studio with a talented Broadway partner to help bring our film and TV libraries to the stage, and further diversify the studio's entertainment offerings," said Lynton. …

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