LOS ANGELES, CA (October 7, 2014) – Revolution Studios announced today its purchase of the Morgan Creek International film library.
The library comprises 64 titles, including the box office hits Robin Hood: Prince of Thieves and the Ace Ventura and Major League franchises, which are currently available for distribution in international territories. In combination with its existing titles, Revolution now boasts one of the largest independent libraries of premium content, consisting of 116 motion pictures and 240 television episodes.
The purchase, which was made through a competitive auction against several bidders, is part of Revolution’s strategy of growth through acquisitions, new content development, and the creation of projects based on its expanding library. It marks the first major acquisition completed under Revolution Studios’ new ownership through funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG).
“Morgan Creek International’s 66 titles are a perfect complement to the Revolution Studios library,” said Revolution Chief Executive Officer Vince Totino. “Given the growth of international markets, this purchase will add significant value to the company for years to come. Revolution is actively seeking to acquire properties of similar quality as it continues to implement its new growth strategy.”
Added Chief Operating Officer Scott Hemming: “With international rights immediately available, this library positions us as a major supplier of top-quality content in the worldwide marketplace.”
Other critical and commercially successful features in the Morgan Creek International library include The Last of the Mohicans, The Good Shepherd, True Romance and Young Guns II.