Drafthouse Films Sells to Giant Pictures, Sets Nick Savva as CEO (EXCLUSIVE)

variety.com:

Rebecca Rubin Film and Media ReporterDigital distributor Giant Pictures has acquired Drafthouse Films, the genre movie label formed by Alamo Drafthouse founder Tim League.Giant Pictures general manager Nick Savva will serve as CEO of the company, which will continue to operate under the title Drafthouse Films.

League will become the chairman of Drafthouse Films.“Giant Pictures’ investment enables Drafthouse Films to continue releasing the provocative, visionary, and artfully unusual genre films from around the world that have always defined the Drafthouse brand,” Savva said. “At the same time, this acquisition gives Giant new theatrical releasing capabilities which complement our existing digital distribution and streaming technology businesses.” Drafthouse Films was created as the distribution arm of Alamo Drafthouse Cinemas in 2010 before being spun off from the exhibitor.

Past titles on Drafthouse Films’ slate were “Bullhead,” “The Act of Killing,” “Spring” and “Cheap Thrills.” Giant Pictures partners with studios and filmmakers to release movies and TV shows across major streaming platforms, including Apple TV, Netflix and Peacock.

The companies began working together in early 2021, when Giant began representing the Drafthouse Films catalog for sales to digital distributors such as Hulu, Tubi, Kanopy, Mubi and AMC’s Shudder.As CEO, Savva says he plans to expand the Drafthouse Films label.