Partnered by a French and European consortium, French producer and financier David Grumbach has bought France’s BAC Films Distribution, one of the country’s best-known distribution and independent sales houses. Under the terms of the deal, the BAC Majestic Group will cede the BAC brands and exclusive rights to sell the BAC back-catalogue – without Grumbach’s purchasing all rights to the BAC library itself.
The deal see Grumbach twinning his production and financing expertise as the producer of multi-part movie co-productions with European partners with BAC Films distribution and sales operations. Under Grumbach, a revamped BAC will move into the production of international projects at an early stage of development. BAC Films will serve on these productions as their producer or co-producer and financier, as well as distribution in France and selling internationally. BAC aims to become “a full service European mini major capable of intervening in the entire process of a film’s creation,” a press statement said Monday.
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