Aviron Pictures Chairman and Founder William Sadleir has been let go from the indie distributor for undisclosed reasons according to reports tonight.
Apparently, Sadleir was fired due to a contractual provision given to Aviron’s senior lender, BlackRock according to Variety who had the news.
Separately, we heard murmurs tonight that BlackRock is in the process of evaluating its position in independent film companies like Aviron; that the asset manager is looking into possibly increasing its financing in entertainment mergers and acquisitions.
Deadline first broke the news about the launch of Aviron back in May 2017. Out of the gate, they started off quite well with the rescue of Halle Berry suspense feature Kidnap from Relativity. The movie opened to $10M and made close to $31M at the domestic box office in August of that year. Aviron also had the sequel to the Rogue Pictures movie, The Strangers: Prey at Night...
Apparently, Sadleir was fired due to a contractual provision given to Aviron’s senior lender, BlackRock according to Variety who had the news.
Separately, we heard murmurs tonight that BlackRock is in the process of evaluating its position in independent film companies like Aviron; that the asset manager is looking into possibly increasing its financing in entertainment mergers and acquisitions.
Deadline first broke the news about the launch of Aviron back in May 2017. Out of the gate, they started off quite well with the rescue of Halle Berry suspense feature Kidnap from Relativity. The movie opened to $10M and made close to $31M at the domestic box office in August of that year. Aviron also had the sequel to the Rogue Pictures movie, The Strangers: Prey at Night...
- 1/4/2020
- by Anthony D'Alessandro
- Deadline Film + TV
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