Magazine article Screen International

Film Business Insiders React to eOne-Alliance Transaction

Magazine article Screen International

Film Business Insiders React to eOne-Alliance Transaction

Article excerpt

Industry sources polled by Screen are unanimous in their belief that eOne's acquisition of Alliance Films will create a rupture in the landscape, although opportunities exist for smart new operators to move into the space.

Privately everyone agrees that Canadian regulators will most likely approve the $230m transaction, ushering in a monopoly that eliminates a well-established buyer in Canada and the UK and drives up prices.

"In Canada, the combination (and the recent acquisition by Alliance of Maple Pictures) creates a virtual monopoly in the independent sector," Amir Malin, the Qualia Capital founder and former Artisan CEO said.

"In the short run this will present difficulties for a great many independent features striving for distribution in the territory. In the long run it may create a compelling opportunity for another entity to enter the Canadian landscape."

Foresight Unlimited's Mark Damon has known eOne top brass Patrice Theroux, David Reckziegel and Brian Gliserman for years. …

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