[Videolib] Kino an Lorber HT Digital/Alive Mind Merge

From: Elizabeth Sheldon <elizabeth@lorberhtdigital.com>
Date: Wed Dec 09 2009 - 10:00:56 PST

The New York Times reports today:

Indie Banners Kino and Lorber HT Digital to Merge

Two well-known names in the world of independent and international
film releasing have joined forces, forming a single company that its
principals said would make them “the biggest of the little guys.”

On Wednesday, Kino International, which has helped introduce American
audiences to foreign filmmakers like Wong Kar-Wai and Michael Haneke,
and Lorber HT Digital, which has recently handled such art-house
releases as Alexander Sokurov’s movie “The Sun,” said that they had
merged into a single company.

The new company, called Kino-Lorber Inc., will be run jointly by the
Kino founder Donald Krim and Richard Lorber, the Lorber HT Digital
chief executive.

“Much to the chagrin of our sales agents, we won’t be bidding against
each other anymore,” Mr. Lorber said in a telephone interview.

The merger was completed yesterday after Mr. Lorber’s holding company
Hidden Treasures Inc. acquired Kino International.

Mr. Krim, who has known Mr. Lorber since the two were freshmen at
Columbia University, said that the merger was “not an economic
necessity,” but acknowledged that there was strength in numbers. “DVD
sales have been eroding,” he said in a telephone interview, “and
that’s affecting everyone from 20th Century Fox down to the little
guy, one-man shops. You begin to have to change your business model.”

Under the newly created company, which will manage a list of about 600
titles, the Kino and Lorber banners will still handle their own
theatrical and home video releases. Kino, for example, will still
handle the coming American release of “Ajami,” Israel’s entry in the
best foreign language category at the 2010 Academy Awards, and a
restored and extended print of Fritz Lang’s “Metropolis”; Lorber will
handle films like “Dogtooth,” by the Greek director Giorgos Lanthimos,
and the Italian documentary “Videocracy,” about Silvio Berlusconi.

In the meantime, Mr. Krim said that no layoffs would result from the
merger. “We had a nice champagne toast yesterday,” he said, “and
everybody was happy because everybody will be holding their job.”




Elizabeth Sheldon
Vice President
Lorber HT Digital
333 West 39th St., Suite 503
New York, NY 10018
(212) 629-6880 tele


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Received on Wed Dec 9 10:01:29 2009

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