CDP Capcomm reorganizes ‘Hollywood’ portfolio

CDP Capital – Communications, a subsidiary of pension-fund manager Caisse de depot et placement du Quebec, has announced it will no longer make investments through CDP Capital Entertainment, a Hollywood joint venture with investment banker Henry Winterstern. The Caisse cited ‘important divergences of interpretation’ with Winterstern, but provided no other details.

CDP Capcomm says existing agreements with Winterstern will be respected, but all subsequent decisions will be made directly from headquarters in Montreal.

CDP Capcomm says it also plans to name replacements for Winterstern on various company boards, including Mosaic Group, Mosaic Publishing, Lakeshore Entertainment and Dick Clark Productions.

CDP Capital Entertainment was charged with managing a $300-million ‘platform’ investment in American entertainment ventures, the largest, US$100 million, in MGM. The MGM investment is now valued at approximately US$60 million.

-www.cdpcapital.com/capcomm AAC, Artisan renew deal
Alliance Atlantis Communications has renewed its distribution agreement with Artisan Entertainment, providing AAC the Canadian rights to upcoming Artisan product in the areas of theatrical, home entertainment, and television to March 31, 2007. Since the inception of the agreement in 1998, Alliance Atlantis has controlled the Canadian rights to all of Artisan’s titles. It will continue to represent all Canadian rights to Artisan’s film library.
Upcoming theatrical titles expected to be covered by the deal include Dirty Dancing: Havana Nights and the movie version of Marvel comic book The Punisher, starring John Travolta and Thomas Jane.