Exemplary of the wide range of programming being sold by international sales agents today, BAC is offering coproductions from France-Belgium-Luxembourg (The Strange Color of Your Body's Tears), France-Italy (Human Capital), Iceland-Denmark (Fusi), Sweden-Norway (The Quiet Roar) and a script in French only, from France starring Ludivine Sagnier entitled Fool Circle.
This month prolific producer David Grumbach acquired BAC films with the backing of a consortium of French and European investors. Previously a subsidiary of the publicly traded BAC Majestic which was majority owned by the animation house Millimages, it will now independently control BAC Films Distribution, the BAC brands and the exclusive right to sell the BAC back catalogue. BAC Films Distribution currently controls a 0.45% stake in the French market.
Grumbach's production companies Juliette Film and Jaya Productions will continue to operate as he becomes CEO. Eric Chinchon, a Luxembourg-based business structuring and financing specialist, will act as CFO.
Grumbach said he intended to grow the company in the direction of “a full service European mini major capable of intervening in the entire process of a film’s creation.”
To that end, BAC will board international projects at an earlier stage and have a strong presence throughout development, financing, production and distribution.
BAC’s managing director, Mathieu Robinet will remain in place, overseeing the core activities of acquisition and theatrical, TV, DVD and VOD distribution, international sales and production.
There will be no changes to the current distribution and sales teams. Head of Sales, Gilles Sousa has spearheaded the expansion of the sales line-up since his arrival in 2011. Recent pictures on the slate Human Capital, The Strange Color of Your Body’s Tears, The Quiet Roar and Ardor.
French-born Grumbach started out as a production manager in Luxembourg, before working as a producer for Paul Thiltges Distributions. His consortium-backed acquisition of BAC Films comes six years after its founder Jean Labadie was ousted as managing director of the company by the majority shareholder Millimages
Labadie originally created BAC in 1986, floating the company in 2000 under the Bac Majestic banner. Animation house Millimages took over as the majority shareholder in 2004, after the company over-diversified and hit financial problems.