Cinedigm And Voltage Pictures Enter Into Three-Year, Five-Picture Worldwide Distribution Deal With New Genre Label Rapid Eye Film

Cinedigm (NASDAQ: CIDM) and Voltage Pictures have entered into a three-year, five-picture output deal with new genre label Rapid Eye Film. Rapid Eye Film, founded by filmmaker Marco Weber (“Igby Goes Down,” “The Thirteenth Floor,” “Unthinkable,” “The Informers”), will develop, finance and produce the films, and Cinedigm will provide a US theatrical release and subsequent roll out across on-demand, digital, TV and DVD. Nic Chartier’s Voltage Pictures (“The Hurt Locker,” “Don Jon’s Addiction”) will handle international sales on all five films.

The first film green lit under the agreement is the sci-fi thriller “Unraveling,” with casting under way. “Unraveling” was written and will be directed by Weber, who is producing alongside his longtime producing partner Vanessa Coifman (“Fireflies in the Garden,” “A Late Quartet”) and producer Miggel Schwickerath (“The Informers”). The film will shoot on location in Los Angeles this spring. “Unraveling” is best described as a cross of “Angel Heart” and “Seven.”

“Marco and I have a long and successful history, going back to ‘Igby Goes Down,’” said Chris McGurk, Chairman and CEO of Cinedigm. “And we are thrilled to work with Nic and his team at Voltage to bring these exciting new films to the worldwide marketplace.”

“We loved the script of ‘Unraveling’ and wanted to be involved with Marco on this one and his next movies,” said Nicolas Chartier, founder of Voltage Pictures. “Cinedigm is growing very fast and having a US distributor on the films will be great for all our international partners.”

In additional news, Weber’s directorial debut, “Leashed,” was also picked up by Cinedigm for digital distribution in the US and a number of international territories. “Leashed” is a dark teen thriller featuring Chad Lowe and starring actors Gia Mantegna and Devon Werkheiser. The film premiered at the International Sitges Film Festival in competition.

About Cinedigm

Cinedigm is a leader in the digital entertainment revolution. Cinedigm's pioneering digital cinema deployment and servicing efforts, and our state-of-the-art distribution and exhibition software, are cornerstones of the digital cinema transformation. Cinedigm's is also the leading digital aggregator of independent content in the world, providing end-to-end digital content delivery to theaters, across digital and on-demand platforms, and on DVD/Blu-ray. Through partnerships with iTunes, Netflix, Amazon, Google, Hulu, Vudu, Xbox, Playstation, and others, Cinedigm reaches a global digital audience. The company’s library of over 5,000 titles includes award-winning documentaries from Docurama Films®, next-gen indies from Flatiron Film Company® and acclaimed independent films and festival picks through partnerships with the Sundance Institute and Tribeca Film. CEG is proud to distribute many Oscar®-nominated films including “The Invisible War,” “Hell and Back Again,” “GasLand,” “Waste Land” and “Paradise Lost 3: Purgatory.” Current and upcoming CEG multi-platform releases include “Citadel,” “In Our Nature” and “Don’t Stop Believin’: Everyman’s Journey.” Cinedigm™ and Cinedigm Digital Cinema Corp™ are trademarks of Cinedigm Digital Cinema Corp www.cinedigm.com. [CIDM-G]

About Voltage Pictures

Founded in 2005, Voltage Pictures is an international sales, finance and production operation run by veteran sales agent and Academy Award winner Nicolas Chartier. In seven years, Voltage has built a library of over 175 films. In March 2010, Voltage produced and financed “The Hurt Locker,” directed by Kathryn Bigelow and starring Jeremy Renner, Anthony Mackie, Brian Geraghty, Ralph Fiennes, Guy Pearce, David Morse and Evangeline Lilly. The film was nominated for 9 Academy Awards and won 6, which included Best Picture, Best Director, Best Screenplay, Best Editing, Best Sound and Best Sound Editing.

In January 2011, Chartier partnered with longtime Hollywood Gang executive Craig Flores to form Voltage Productions, an offshoot of Voltage Pictures, aiming to generate films set at studios in the $15M-$40M budget range. Craig Flores previously was the executive producer of “300” and “Immortals.”

Copyright Business Wire 2010

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