SOURCE: Peace Arch Entertainment Group Inc.

December 06, 2007 03:30 ET

Peace Arch Announces Acquisition of Exclusive Canadian Distribution Rights to 32 Films From First Look Studios

Company to Distribute Five Films Through All Channels Including Theatrical, DVD, Video-on-Demand & Television, and 27 Films on Television

TORONTO, ON--(Marketwire - December 6, 2007) - Peace Arch Entertainment Group Inc. (AMEX: PAE) (TSX: PAE), an integrated global entertainment company creating critically acclaimed television, film and DVD content for worldwide distribution, announced today that it has acquired exclusive Canadian distribution rights to 32 films from First Look Studios, an independent production company based in Los Angeles. Peace Arch will release five of the films theatrically in Canada, followed by DVD, video-on-demand and television distribution. The Company will distribute the remaining 27 titles on broadcast television throughout Canada. This agreement follows the long term output deal signed in February 2007 granting Peace Arch exclusive Canadian DVD rights to all of First Look's titles.

"We believe that each of these well-made films will resonate with a sizable audience in the Canadian market," said Berry Meyerowitz, President of Peace Arch Home Entertainment. "We look forward to working more closely with First Look Studios in the near future as a means to generating significant revenues for Peace Arch Home Entertainment and Peace Arch Television."

First Look Studios distributes films for release in theaters, on DVD and to broadcast, cable and pay television. Its films star many of the entertainment industry's biggest names, including Michael Douglas, Juliette Binoche, Ving Rhames and Maggie Gyllenhaal.

"Peace Arch's solid distribution footprint in Canada will enable us to fully exploit these 32 films," said Dave Sobieraj, president of strategic planning and television of First Look Studios. "We look forward to working closely with Berry and to expanding our relationship with his top-notch organization."

Peace Arch has agreed to theatrically release the following five films:

--  "An American Crime" - Catherine Keener ("The 40 Year Old Virgin,"
    "Being John Malkovich," "The Interpreter"), Ellen Page ("Hard Candy," "X-
    Men: The Last Stand," "Juno"), James Franco ("Spider-Man," "Spider-Man 2,"
    "Spider-Man 3," "James Dean")
    
--  "Smiley Face" - Anna Faris ("Scary Movie," "Waiting," "Lost in
    Translation"), Adam Brody ("The OC," "In the Land of Women," "Mr. & Mrs.
    Smith"). John Krasinski ("The Office," "License to Wed," "Dreamgirls")
    
--  "Day of the Dead" - Mena Suvari ("American Beauty," "American Pie,"
    "Beauty Shop"), Ving Rhames ("Pulp Fiction," "Mission Impossible," "Dawn of
    the Dead"), Nick Cannon ("Shall We Dance," "Roll Bounce," "Drumline")
    
--  "Finding Rin Tin Tin - Ben Cross" ("Chariots of Fire," "First Knight,"
    "Species: The Awakening"), William Hope ("Aliens," "Hellbound: Hellraiser
    II")
    
--  "The Amateurs" - Jeff Bridges ("The Big Lebowski," "Seabiscuit," "The
    Fisher King"), Ted Danson ("Cheers," "Saving Private Ryan," "3 Men and a
    Baby"), Lauren Graham ("Bad Santa," "Gilmore Girls," "Evan Almighty"),
    Patrick Fugit ("Almost Famous," "Saved!," "Wristcutters: A Love Story"),
    William Fichtner ("Black Hawk Down," "Armageddon," "Crash")
    

Among the 27 titles to be released on television are:

--  "Animal" - Ving Rhames ("Pulp Fiction," "Mission Impossible," "Dawn of
    the Dead"), Terrence Howard ("Hustle & Flow," "Crash," "The Brave One"),
    Chazz Palminteri ("The Usual Suspects," "A Bronx Tale," "Analyze This")
    
--  "Stateside" - Val Kilmer ("Heat," "Batman Forever," "Tombstone"),
    Rachel Leigh Cook ("She's All That," "Josie and the Pussycats,"
    "Antitrust"), Joe Mantegna ("The Godfather: Part III," "The Simpsons
    Movie," "Searching for Bobby Fischer")
    
--  "Relative Strangers" - Danny DeVito ("LA Confidential," "Batman
    Returns," "One Flew Over the Cuckoo's Nest"), Kathy Bates ("Titanic,"
    "About Schmidt," "Fried Green Tomatoes"), Ron Livingston ("Band of
    Brothers," "Office Space," "Adaptation"), Neve Campbell ("Scream," "Wild
    Things," "The Craft")
    
--  "Journey to the End of the Night" - Brendan Fraser ("The Mummy,"
    "Crash," "George of the Jungle"), Mos Def ("The Italian Job," "Hitchhiker's
    Guide to the Galaxy," "16 Blocks"), Scott Glenn ("The Silence of the
    Lambs," "Training Day," "The Hunt for Red October")
    
--  "Half Light" - Demi Moore ("Ghost," "A Few Good Men," "G.I. Jane"),
    Henry Ian Cusick ("Lost," "Hitman")
    

About Peace Arch Entertainment Group Inc.

Peace Arch Entertainment produces and acquires feature films, television and home entertainment content for distribution to worldwide markets. Peace Arch owns one of the largest libraries of top quality independent feature films in the world, featuring more than 1000 classic and contemporary titles. For additional information, please visit www.peacearch.com.

For more investor-oriented information about Peace Arch Entertainment, visit http://www.trilogy-capital.com/tcp/peace-arch/. For current stock price quotes and news, visit http://www.trilogy-capital.com/tcp/peace-arch/quote.html. To view an Investor Fact Sheet, visit http://www.trilogy-capital.com/tcp/peace-arch/factsheet.html. To read a transcript of a recent Peace Arch investor conference call or listen to an archived recording, please visit http://www.trilogy-capital.com/tcp/peace-arch/conference.html.

ABOUT FIRST LOOK STUDIOS

First Look Studios is a leading independent studio which includes its theatrical, home video and television operations. The studios' CEO is Trevor Short and Dean Wilson is COO. The company is owned and operated by First Look Holdings, LLC.

First Look Holdings, LLC was created in March of 2007 to acquire controlling interest in First Look Studios. Its principals are Danny Dimbort, Avi Lerner, Trevor Short and Henry Winterstern.

Forward-Looking Statements This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

Contact Information

  • Contact:
    Roy Bodner
    Senior Vice President
    Marketing and Communications
    Peace Arch Entertainment
    (310) 776-7208
    Email Contact: Email Contact

    Or

    Financial Communications
    Trilogy Capital Partners
    Ryon Harms
    (800) 592-6067
    Email Contact: Email Contact