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San Sebastian Gallic sales agentdistributor and Wild Bunch has acquired a majority stake in Spanish independent distributor Vertigo Films. The deal, the biggest likely to be unveiled during this year’s San Sebastian Festival, was announced Tuesday by the new partners as Wild Bunch execs hit the Spanish fest for Nacho Vigalondo’s Extraterrestrial, on which it handles international rights. The equity purchase, made through a cash injection, is not a buy out deal, Wild Bunch Vincent Grimond said from San Sebastian. Andrés Martin will continue to head up Vertigo as its general manager, Martin told Variety. The deal adds another significant strand to Wild Bunch’s pan-European distribution network. Wild Bunch already operates Wild Bunch Distribution in France and Wild Bunch Germany, where it partners with Senator in Central Film, It also has a distribution partnership in Italy with BIM Distribuzione, in which Wild Bunch holds a minority stake from 2007. Going forward, Vertigo – which will retain its name - will still buy outside its Wild Bunch relationship and Wild Bunch Intl. sell to third parties in Spain. Some of Vertigo’s highest-grossing hits in recent years have been Wild Bunch-sold titles, such as The Concert and City of God. Vertigo has acquired from Wild Bunch 360 and Poliss, Martin added. The Wild Bunch-Vertigo partnership will allow Vertigo to compete far more muscularly for larger titles, sometimes via multi-territory buys, said Martin.
It also opens up other doors. “The portfolio we have in Spain today makes it easy for us to satisfy any kind of need,” said Grimond. Going forward, the partnership in-creases Vertigo’s capacity – and through Vertigo, Wild Bunch’s too - for involvement
in Spanish production.
As a sales agent, Wild Bunch has scored spectacular international sales results on a bevy of upscale Spanish genre titles, such as Pan’s Labyrinth, The Orphanage and, this year, Eva.
Wild Bunch also enjoys close film-byfilm working relationships with top Spanish production shingles such as Madrid’s Morena, Apaches Ent. and Barcelona’s Escandalo. Also, Wild Bunch has moved smartly under exec Gael Nouaille to cherrypick choice Latin American titles, such as Mexico’s cannibal family drama We Are What We Are or Colombia’s El Paramo, nursing them to multiple overseas deals. Spain is looking for ever-closer co-production relations with Latin America.
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