Vivendi’s Studiocanal — an affiliate of Canal+ Group — and Universal Music Group have entered into a co-development partnership with Red Bull’s Terra Mater Film Studios.
The agreement between Vivendi and Red Bull is an initiative designed to capitalize on the joint assets and expertise of each business.
According to a release, this partnership is “reflective of a shared ambition to create unique and commercial feature films with a strong European focus designed for the global market.” Studiocanal will distribute all projects developed under this deal internationally, while all music partnerships will be handled by Universal Music Group.
Ron Halpern, EVP of international production and acquisitions at Studiocanal and Marc Robinson, president of Globe, Universal Music Group UK-brokered the partnership with Walter Koehler, CEO of Terra Mater Film Studios.
Terra Mater Film Studios recently produced the Academy Awards short-listed documentary The Ivory Game (pictured). Its also known for the popular wildlife series Wild Canada.
“Our co-development partnership with Terra Mater Film Studios is an exciting moment for this group of proudly European production houses to come together,” said Halpern in a statement. “Terra Mater Film Studios has a distinct vision for developing innovative and meaningful films and we look forward to working closely with them, and our friends at Universal Music Group.”