Independent financier, TPC, has made a deal with Myriad Pictures for its first formal library, further expanding its influence in rights management and film library ownership alike. With the full details, we have Blake & Wang P.A. best entertainment lawyer, Brandon Blake.
114 Title Deal
Under the deal, they will take control of 114 titles from Myriad. TPC has been eyeing smaller catalogs, those typically overlooked by major private equity investors, who tend to lean toward bulk acquisitions. They hope not only to manage their own assets, but also to develop a turnkey backend management solution for other rights holders. With this to back them, they are also looking at new titles from the Toronto International Film Festival.
What This Means for the Indie Landscape
First established in 2009, TPC launched as a production finance company. However, it has since expanded into full-service provision across studios, brands, producers, and agencies from a wide swathe of the entertainment industry, including both TV and film and video games. TPC falls under the broader banner of Forest Road, who also own the indie film distributor Vertical. To date, they have financed or serviced over 1,000 projects, both domestic and internationally, and typically target mid-budget indies in the $2M to $30M range.
If they are keen to expand their efforts, as they seem to be, this could be good news for the indie film sector overall. As we have seen through the last few years, smaller and indie movies play a critical role in both keeping theatrical interest high among audiences and fortifying box office numbers. With a constant and reliable output of interesting niche movies to draw crowds in, it keeps the momentum and interest in movie-going among the audiences high, and it’s always good to see more interest and investment in independent productions.
Film and Television 