STUDIOCANAL in 3D Film Venture

PARIS: Canal+ Group’s film production and distribution arm STUDIOCANAL has entered into a strategic partnership with Brussels-based nWave Studios, a leading producer of 3D movies, as well as taken an equity stake in the venture.

The long-term and exclusive deal will see STUDIOCANAL working on the development, co-financing and distribution of all upcoming nWave Studios productions. STUDIOCANAL will distribute the titles in France as well as in the U.K. (through Optimum) and Germany (through Kinowelt), and will handle international sales.

The pact builds on an existing relationship between the two companies; last year, STUDIOCANAL picked up the rights to nWave’s 3D animated film Sammy’s Adventures (also known as Around the World). Script development has already begun on a sequel.