Amblin Partners has signed a new distribution deal with Universal that will see, each year, multiple Amblin films marketed and distributed theatrically, with the pact also encompassing streaming.
At the same time, Participant, which has been an equity holder in the company since 2015 and helped co-finance hits such as best picture Oscar winner Green Book, is leaving its position as an equity holder as it seeks “flexibility." Amblin and Universal signed a distribution pact in 2015 and, in 2017, Universal Filmed Entertainment took a minority stake in Amblin Partners.
Read more on hollywoodreporter.com
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