Cinedigm Inks 12-Picture Deal With ‘Sharknado’ Producer Asylum

Cinedigm Corp. has closed a three year deal to acquire domestic rights to 12 films from The Asylum.  Cinedigm will handle all film rights including theatrical, digital, video-on-demand, and physical home, and will make the titles available to their growing slate of over-the-top (aka streaming) digital networks, including CONtv, which is targeted to fanboy audiences. The Asylum, led by partners David Michael Latt, Paul Bales and David Rimawi, has been behind such genre, high concept titles such as Syfy’s cult hit Sharknado. Among the titles in the Cinedigm pact that will get The Asylum satiric treatment are: Troy: The Odyssey (Action Fantasy), Little Dead Rotting Hood (Horror),Butch Cassidy and The Wild Bunch (Western) and Fortune Cookie (Horror). Asylum finances, produces and releases 20-25 films a year through its direct distribution to top retailers and foreign partners. The deal was negotiated on behalf of The Asylum by David Garber and Cinedigm’s Yolanda Macias.



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