Alchemy (company)

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Millennium Entertainment
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Alchemy
FormerlyMillennium Entertainment
Company typePrivate
IndustryFilm, home entertainment, distribution
PredecessorFirst Look Studios
Founded2010
DefunctJune 30, 2016
FateChapter 7 bankruptcy
SuccessorFilmRise
Headquarters
Los Angeles, California
ProductsIndependent theatrical films, DVD, Blu-ray
Websitewww.millenniumentertainment.me Edit this on Wikidata

Alchemy (formerly Millennium Entertainment) was an American independent global

Los Angeles, California. The company acquired and distributed feature films, television series and specialty programming.[1]

History

Millennium Entertainment was 60% owned by production company

Transsiberian, and Bad Lieutenant: Port of Call New Orleans, as well as the recent titles Elephant White, starring Djimon Hounsou and Kevin Bacon; Shadows and Lies, starring James Franco; and Blitz, starring Jason Statham
.

Millennium Entertainment logo

Television series released by Alchemy include

Millennium Films.[7]

In July 2015 Alchemy acquired the film distribution assets of ANconnect and the digital film and television distributor Anderson Digital, both divisions of Anderson Media Corporation.[8] The transaction will result in the addition of 40 new employees to the existent 70 and expand the company's catalogue to over 1,300 films and 3,000 TV episodes.[9] In December 2015 Bill Lee exited the company as CEO.[10]

Bankruptcy

In February 2016 Alchemy laid off 40 employees, equaling 40% of the company's entire staff.[11][12] due to liquidity issues.[13] The company began selling off previously acquired films including The Lobster,[14] Free Fire,[15] Mia Madre,[16] 31[17] and Evolution.[18] The Lobster and Free Fire were purchased by A24, while Madre was sold to Music Box Films, 31 to Saban Films and Evolution to IFC Midnight.[19][20][21][22][23] The last of their acquisitions, Zeroville, wasn't released until 2019.[24]

Alchemy filed for Chapter 7 bankruptcy on June 30, 2016.[25] All employees were released following the bankruptcy.[26][27]

Alchemy's remaining film library is currently owned by FilmRise.

Releases

TV series

Animated

Films

Distributed lines

References

  1. ^ a b "Millennium Entertainment Company Profile". Millennium Entertainment. Archived from the original on 19 May 2013. Retrieved 5 March 2013.
  2. ^ a b Millennium On The Block; Salem Partners To Handle Sale Of Distribution Unit. Deadline Hollywood (April 22, 2013).
  3. ^ "Trust". Millennium Films. Archived from the original on June 24, 2016. Retrieved August 7, 2016.
  4. ^ Ofgang, Kenneth. "Court Revives Suit Over Profits From Ving Rhames Movie". Metropolitan News-Enterprise. Retrieved 5 March 2013.
  5. ^ "FIRST LOOK MEDIA INC (FIRST:OTC US): Stock Quote & Company Profile - Businessweek". Businessweek. Bloomberg. Archived from the original on April 10, 2013. Retrieved 5 March 2013.
  6. ^ "First Look Studios Acquired by Millennium Entertainment". Blu-ray.com. Retrieved 5 March 2013.
  7. ^ "Millennium Entertainment Picks a Name: Alchemy". 8 January 2015.
  8. ^ The Wrap: "Alchemy Acquires ANconnect and Anderson Digital, Creates Alliance With ARC Entertainment" By Tim Kenneally July 13, 2015
  9. ^ Hollywood Reporter: "Alchemy Acquires ANconnect, Anderson Digital and Signs Pact With ARC Entertainment" July 13, 2015
  10. ^ Galuppo, Mia (December 7, 2015). "Bill Lee Abruptly Exits as Alchemy CEO". TheHollywoodReporter.com. Retrieved February 18, 2016.
  11. ^ McNary, Dave (February 17, 2016). "Indie Distributor Alchemy Hit With 40 Layoffs". Variety.com. Retrieved February 18, 2016.
  12. ^ Brooks, Brian; D'Alessandro, Anthony (February 16, 2016). "Alchemy Faces Financial Woes, Slashes Staff & Uncovers "Discrepancies Within Parts Of Its Businesses"". Deadline Hollywood. Retrieved February 18, 2016.
  13. ^ IndieWire: "How the DVD Business Is Destroying Alchemy" By Eric Kohn February 17, 2016
  14. ^ McNary, Dave; Seetoodeh, Ramin (May 19, 2015). "Cannes: 'The Lobster' Selling to Alchemy (EXCLUSIVE)". Variety. Retrieved August 7, 2016.
  15. ^ Fleming, Mike Jr.; Jaffar, Ali (November 12, 2015). "Alchemy Closes Deal For Ben Wheatley's White-Hot 'Free Fire' – AFM". Deadline Hollywood. Retrieved August 7, 2016.
  16. ^ D'Alessandro, Anthony (May 19, 2015). "Alchemy Takes U.S. Rights To Nanni Moretti's 'Mia Madre' – Cannes". Deadline Hollywood. Retrieved August 7, 2016.
  17. ^ Fleming, Mike Jr. (April 1, 2015). "Alchemy Acquires Rights To Rob Zombie-Directed '31'". Deadline. Retrieved March 15, 2022.
  18. ^ Hipes, Patrick (August 13, 2015). "'Evolution', Toronto-Bound Horror Pic, Acquired By Alchemy; 'Somali Project' Docks At Vladar Co". Deadline. Retrieved March 15, 2022.
  19. ^ Fleming, Mike Jr. (March 1, 2016). "A24 Postpones 'The Lobster' Theatrical Release – Update". Deadline Hollywood. Retrieved August 7, 2016.
  20. ^ D'Alessandro, Anthony (March 10, 2016). "A24 Scoops Up Brie Larson Action Thriller 'Free Fire' In Wake Of Alchemy Financial Turmoil". Deadline Hollywood. Retrieved August 7, 2016.
  21. ^ D'Alessandro, Anthony (April 19, 2016). "Music Box Rescues Nanni Moretti's 'Mia Madre' From Alchemy". Deadline Hollywood. Retrieved August 7, 2016.
  22. ^ Hipes, Patrick; D'Alessandro, Anthony (March 24, 2016). "Rob Zombie's '31' Acquired By Saban Films For September Release". Yahoo! Finance. Retrieved March 15, 2022.
  23. ^ Erbland, Kate (March 23, 2016). "IFC Midnight Picks Up Former Alchemy Feature 'Evolution'". IndieWire. Retrieved March 15, 2022.
  24. ^ D'Alessandro, Anthony (April 1, 2019). "James Franco's Delayed 'Zeroville' Saved By myCinema; Distrib's Slate Includes Julian Fellowes' 'The Chaperone' – CinemaCon". Deadline. Retrieved March 15, 2022.
  25. ^ "Alchemy Files For Chapter 7-Names Long List of Creditors". Deadline Hollywood. 7 July 2016.
  26. ^ "Alchemy". Retrieved August 7, 2016.
  27. ^ McNary, Dave (July 7, 2016). "Alchemy Files for Chapter 7 Bankruptcy Protection". Variety. Retrieved August 7, 2016.
  28. ^ "Millennium Entertainment TV Shows". DVD Empire.com. Right Ascension, Inc. Retrieved 5 March 2013.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Alchemy_(company)&oldid=1195751310"