Home / Arts and Entertainment / Indie Distributor Bleecker Street Finds New Owner
Indie Distributor Bleecker Street Finds New Owner
15 Oct
Summary
- Bleecker Street is acquired by Outerlight Entertainment.
- Leadership and operational independence will be maintained.
- Acquisition capital will fund film business and event label.
Outerlight Entertainment, previously known as First Look Entertainment, has acquired the independent film distribution label Bleecker Street. The acquisition was backed by eBay billionaire Pierre Omidyar, with Outerlight also encompassing assets like Topic Studios and Puzzle Pictures.
Bleecker Street will continue its operations under the leadership of CEO Kent Sanderson and president and CMO Tyler DiNapoli. Importantly, Bleecker will maintain its operational independence from Outerlight's other ventures. Funds from the acquisition are earmarked for strengthening Bleecker's film business and expanding its event label, Crosswalk.
The acquisition is significant for Bleecker, a recognized player in the specialty film market with a consistent presence at festivals and markets. Their recent and upcoming slate showcases a diverse range of films, including comedies, thrillers, and dramas.
Notably, Outerlight Entertainment is also a backer of the streamer Passionflix, which is notably run by Tosca Musk, sister to Alex Gibney's documentary subject, Elon Musk. Bleecker Street is currently in theaters with the Elon Musk documentary "Musk."
