Neon is in talks to promote a big stake to Division M, The Wrap has realized.
Division M is being backed by a consortium of personal traders within the effort. The manufacturing outfit, based by by Mike Larocca and Michael Schaefer, launched in 2024 and was backed by non-public traders.
Since distributing the perfect image winner “Parasite” in 2019, Neon has established itself as a number one distributor of worldwide cinema within the U.S., releasing 4 of the 5 nominees on this yr’s finest worldwide characteristic Oscar class, together with Joachim Trier’s “Sentimental Worth” and Jafar Panahi’s Palme d’Or winner “It Was Simply an Accident.”
Neon’s upcoming slate additionally consists of extremely anticipated style movies like “Exit 8,” the Japanese horror movie based mostly on the indie online game of the identical title, and Boots Riley’s colourful crime comedy “I Love Boosters.”
Neon most just lately acquired Ryusuke Hamaguchi’s “All of a Sudden” which marks the comapny’s first acquisition out of this yr’s European Movie Market in Berlin, with Sarah Colvin negotiating the sale on behalf of the distributor alongside Renan Artukmaç for Cinefrance Studios. Cinefrance launched worldwide gross sales for the movie this week at EFM, with Bitters Finish dealing with Asia. The movie will likely be distributed by Diaphana in France and Bitters Finish in Japan.
Neon additionally just lately acquired U.S. home rights for Sundance documentary “As soon as Upon a Time in Harlem,” following a heated bidding battle. A theatrical launch is deliberate for later this yr.
Division M declined to remark.
Selection first reported the information.