Revolution soon will release the Vin Diesel franchise film 'xXx: Return of Xander Cage'.
Revolution Studios has been acquired by investment firm Content Partners.
Under its new ownership, the finance-acquisition-distribution company will continue operations under CEO Vince Totino and COO Scott Hemming, the latter of whom also now will serve as the company's president.
Founded in 2000 by producer Joe Roth, Revolution has produced films that include Black Hawk Down, Maid in Manhattan, Hellboy and xXx. The company soon will release the Vin Diesel franchise film xXx: Return of Xander Cage, which will be released by Paramount on Jan 20.
In 2014, Roth sold Revolution to Fortress Investment Group, a private-equity fund. Under Fortress, the company has amassed a library of 100 features, largely by acquiring libraries from companies including Morgan Creek International, Cold Spring Pictures and GK Films.
The Los Angeles-based Content Partners, started in 2006 by former WME COO Steve Kram and Brillstein-Grey Management exec Steven Blume, has made numerous other entertainment-based acquisitions, including the 2013 grab of the rights to the CSI television series.
“Revolution Studios brings with it not only rights to a large catalogue of valuable and durable intellectual properties, but also a wealth of expertise in managing and adding value to film and television assets,” said Kram and Blume in the acquisition announcement.
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