EXCLUSIVE: The Asylum, whose roster of movie and TV productions consists of Sharknado, Black Summer season and Z Nation, has bought rights to its library to MEP Capital.
The businesses describe the transaction as a strategic partnership geared toward fueling The Asylum’s output whereas additionally maximizing the worth of the library of greater than 300 titles. The Asylum opened its doorways in 1997.
“With MEP’s capital and its enthusiasm for the exploding international VOD market, The Asylum seems to take its high-concept, over-the-top model to the following stage of manufacturing and distribution,” mentioned Asylum accomplice David Rimawi.
The funding is the newest in a collection of investments within the movie and TV IP/rights by MEP.
“The rise of digital video on-demand consumption has given large uplift and stability to the worth of movie & TV content material libraries” mentioned Jameson Latko of MEP Capital. “The Asylum staff has constructed a timeless, well-known model and, notably, develops and owns all IP for its content material. The mix of name recognition and IP possession is a powerful outlier throughout the Hollywood manufacturing & distribution panorama. We’re thrilled to work intently with The Asylum staff to assist proceed their lengthy and profitable observe report.”
The Asylum funds and produces 25 releases a 12 months. It has teamed with distributors and networks together with Netflix, Tubi, Syfy, Lifetime, Ion Tv, Animal Planet, Hallmark Channel, Sony Tv, BET, and Common Tv. The corporate has additionally branched into the FAST sector, drawing greater than 2 million hours of month-to-month viewing to The Asylum Film Channel.
Because it continues to establish potential funding alternatives throughout movie & TV, music, gaming, dwell occasions, sports activities and digital media, MEP final 12 months additionally launched a movie and TV distribution shingle, West Facet Footage. Run by former Display screen Media chief David Fannon, the outfit focuses on dealing with classic movie and TV titles.
