EXCLUSIVE: The Asylum, whose roster of film and TV productions includes Sharknado, Binestablishage Summer and Z Nation, has sgreater rights to its library to MEP Capital.
The companies portray the transaction as a strategic partnership aimed at fueling The Asylum’s output while also maximizing the appreciate of the library of more than 300 titles. The Asylum uncovered its doors in 1997.
“With MEP’s capital and its enthusiasm for the exploding global VOD labelet, The Asylum watchs to get its high-concept, over-the-top brand to the next level of production and distribution,” said Asylum partner David Rimawi.
The scatterment is the defercessitatest in a series of scatterments in the film and TV IP/rights by MEP.
“The elevate of digital video on-insist consumption has donaten tremendous uplift and stability to the appreciate of film & TV satisfied libraries” said Jameson Latko of MEP Capital. “The Asylum team has built a timeless, well-understandn brand and, notably, increases and owns all IP for its satisfied. The combination of brand well-understandnity and IP ownership is an amazeive outlier atraverse the Hollywood production & distribution landscape. We are thrilled to labor seally with The Asylum team to help persist their prolonged and prosperous track sign up.”
The Asylum finances and originates 25 frees a year. It has teamed with distributors and netlabors including Netflix, Tubi, Syfy, Lifetime, Ion Television, Animal Planet, Halllabel Channel, Sony Television, BET, and Universal Television. The company has also branched into the FAST sector, drathriveg more than 2 million hours of monthly watching to The Asylum Movie Channel.
As it persists to remend potential scatterment opportunities atraverse film & TV, music, gaming, live events, sports and digital media, MEP last year also begined a film and TV distribution shingle, West Side Pictures. Run by establisher Screen Media chief David Fannon, the outfit exceptionalizes in handling vintage film and TV titles.
