Spyglass Media Group Nets First-Look Deal With Warner Bros.






LOS ANGELES, CA – JANUARY 07: CEO of MGM Gary Barber (R) and Nadine Barber attends HBO’s Official 2018 Golden Globe Awards After Party on January 7, 2018 in Los Angeles, California. (Photo by Jeff Kravitz/FilmMagic for HBO)

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Spyglass Media Group, formerly Spyglass Entertainment, is now in a new first look deal for content with Warner Bros., with the latter also serving as a strategic investor. Founded by Gary Barber in 1998, the company found a string of successes throughout the 2000s with a string of co-productions, including Bruce Almighty (2003), Seabiscuit (2003), and Memoirs of a Geisha (2005) among others.

After a mixed success rate in the 2010s, the company was revived by Barber on March 13, 2019 as Spyglass Media Group, pulling in Eagle Pictures and Cineworld as investors. In the process of reorganizing, Spyglass has closed its New York office and centralized assets in its Century City base, adding new executives. Part of the series of deals that lead to the company’s reformation involved Spyglass’ acquisition of over 250 titles from The Weinstein Company following the latter’s Chapter 11 Bankruptcy proceedings.

Barber has had a 30-year long history with Warner Bros. since his days at Morgan Creek, which switched in 1991 to distribution through Warner Bros. Barber commented on the new deal:

“For many years, Warner Bros. has been a dedicated studio partner and we have shared numerous successes together. Their confidence in Spyglass’ brand and vision is invaluable as we continue to build a premier content company. I look forward to our future collaborations together.”

Spyglass has not noted whether its first-look deal with Warner Bros. is for both TV and film productions, but the partners are expected to collaborate across mediums. Said Warner Bros. Pictures Group’s Toby Emmerich of the partnership:

We have a long, successful relationship with Gary and we’re excited to be in business with him at Spyglass. We’re looking forward to exploring the creative opportunities Spyglass has to offer.

Whether we will see further deals like this from Warner as it approaches the launch of its independent WarnerMedia streaming platform is yet to be seen.

 






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