Revolution Studios has acquired the Cold Spring Pictures motion picture library, which includes George Clooney’s “Up in the Air.”
Cold Spring Pictures was created in 2006 as a production facility to co-finance movies produced by Ivan Reitman and Tom Pollock’s the Montecito Picture Company. Paramount retains 50% ownership of the titles, which include “Disturbia,” “Beer Pong,” “Hotel for Dogs,” “Post Grad” and “Hitchcock.”
“Cold Spring’s titles offer an incredible variety of genres and styles — a perfect complement to the kinds of films Revolution has in our library,” said COO Scott Hemming.
Revolution signed a deal with Universal Pictures Home Entertainment to create non-feature productions based on properties in Revolution’s film library.
Revolution has been bulking up its library for the past year as part of a strategy of exploiting recognizable titles for global TV and digital distribution. The company, founded by Joe Roth in 2000, was acquired in June of 2014 by Fortress Investment Group.
Revolution bought the 64-title Morgan Creek international library a year ago for $36.75 million, including “Robin Hood: Prince of Thieves,” “Ace Ventura: Pet Detective,” “The Last of the Mohicans,” “Young Guns,” “The Whole Nine Yards” and the “Major League” franchise.
Revolution recently announced it had bought 50% ownership of Clooney’s political drama “The Ides of March” for an undisclosed price from Cross Creek Pictures, completing a two-picture deal with Cross Creek following its purchase of half of “Black Swan” earlier this year.