Revolution Studios today announced its purchase of the Cold Spring Pictures motion picture library, which is comprised of eight films produced by the studio from 2007 to 2012, including the 2009 multiple-Oscar-nominee and Golden Globe winner, Up in the Air. Currently, the Revolution library, which is overseen by CEO Vince Totino and COO Scott Hemming, houses 46 titles ($3.7B in box office) which were produced during label founder Joe Roth’s reign, as well as the 64-title Morgan Creek library acquired a year ago. Revolution also bought 50% stake in Clooney’s The Ides of March from Cross Creek Pictures, completing a two-picture deal with that label following a 50% purchase Black Swan.
Cold Spring Pictures LLC was created in 2006 as a production facility to co-finance motion pictures produced by Ivan Reitman and Tom Pollock’s The Montecito Picture Company. The library’s titles with 50% ownership retained by Paramount also include Disturbia, Road Trip: Beer Pong, Hotel for Dogs, The Uninvited, the Natalie Portman-Ashton Kutcher romantic comedy No Strings Attached, Post Grad (with 50% ownership retained by Fox) and Hitchcock.
Revolution has developed and produced multiple syndicated television series, including Are We There Yet? for TBS; Charlie Sheen’s Anger Management with Lionsgate for FX; and Drew Carey’s Improv-A-Ganza” for GSN.
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