Latest in Alchemy

Alchemy, the distribution company formerly known as Millennium Entertainment, filed for Chapter 7 bankruptcy protection on Friday in the U.S. Bankruptcy Court in Delaware, court records show. In its petition with the court, the state that they have $50M to $100M in liabilities compared to $10M to $50M in assets. The…

EXCLUSIVE: Sources tell us that Alchemy, the distribution company formerly known as Millennium Entertainment, will be filing for Chapter 7 bankruptcy by the end of the week. Some estimate Alchemy’s debt to banks and vendors at $70 million-$90 million. Allegedly, Alchemy has been using money it has received from its…

Another feature title is saved in the wake of Alchemy’s financial woes. Music Box Films has acquired U.S. rights to Nanni Moretti’s Mia Madre, the Italian comedy from last year’s Cannes Film Festival that Alchemy snapped up. Mia Madre will now be released during the third quarter. The pic stars John Turturro as divo…

The Lobster will now be served in domestic theaters beginning May 13. A24 has just set the new date after taking over distribution from the embattled Alchemy which had previously planned a March 11 debut. To accompany the release news, A24 has also drawn a new trailer for the Cannes Jury Prize winner (see above). The…

EXCLUSIVE: As we’ve been hearing all along, there’s a fire sale going on at Alchemy with some of its festival acquisitions. Less than a month after A24 saved Alchemy’s Cannes pickup The Lobster from director Yorgos Lanthimos, the Gotham-based distrib —  coming off of a hot Oscar season with Room and Ex Machina — has…

EXCLUSIVE: The conversation tonight in Berlin, New York and Los Angeles is that distributor Alchemy is facing some serious financial turmoil. On top of today’s news that the company’s Cannes acquisition The Lobster was segueing to A24, Deadline has learned that Alchemy reduced its workforce by as much as 40%-50%…

Alchemy and ARC Entertainment just acquired the worldwide rights to A Country Called Home, a coming-of-age drama that marks the directorial debut of Anna Axster. The film will drop into theaters on February 26 and VOD on March 1. Co-written with Jim Beggarly, the film tells the story of Ellie (Imogen Poots)…

Nothing says “modern love” quite like awkward dancing, trapping rabbits, target practice and a Heimlich maneuver. Alchemy netted U.S. rights to Yorgos Lanthimos’ The Lobster last year in Cannes, where the film won the Jury Prize. It’s now readying a March 11 release and has dropped the first domestic trailer. Colin…

A shakeup at Alchemy leaves chief Bill Lee out, as Kelly Summers and Scott Guthrie have been appointed co-presidents. According to an announcement, they report to Alchemy board chairman Jesse Watson. Guthrie had been COO, while Summers was senior veep of Strategy and Financial Planning. Lee ran the label for years and…

Alchemy has acquired U.S. distribution rights to The Frontier, director/co-writer Oren Shai’s noir thriller that had its world premiere this year in the Narrative Spotlight section at SXSW. Jocelin Donahue, Kelly Lynch and Jim Beaver star in the story penned by Shai and Webb Wilcoxen about a desperate young woman…

Ok. So first of all, the moon landings definitely happened. Obviously. But that hasn’t stopped conspiracy theorists from spending the last 40 years insisting that they were actually an elaborate hoax intended to either A) preserve NASA funding and/or B) preserve the prestige of the United States vis a vis the Soviet…

FilmBuff has nabbed U.S. distribution rights to Transfatty Lives, a documentary that follows filmmaker and New York DJ Patrick Sean O’Brien’s struggle with ALS. Initially given a prognosis of two to five years, O’Brien drew on the support of his friends and family, turning his camera on himself to document the…