Black Bear, led by Teddy Schwarzman, is making significant strides by launching a U.S. theatrical distribution division, appointing Benjamin Kramer to spearhead this initiative.
Black Bear Expands into U.S. Theatrical Distribution
EXCLUSIVE: Major developments in independent film distribution and the Los Angeles agency landscape: Teddy Schwarzman’s indie studio, Black Bear, is launching a U.S. distribution division, appointing longtime CAA Media Finance Co-Head Benjamin Kramer to lead the initiative.
Ambitious Plans for U.S. Distribution
The new U.S. division aims to release up to 12 productions annually, both from Black Bear and third-party creators. Several high-profile films are already lined up for release, focusing on filmmaker-driven content as well as wide-release action and genre films.
Building a Strong Team
Additional key staff will be recruited in the upcoming months to enhance the team under Kramer, who will report directly to Black Bear CEO Schwarzman.
International Successes
Black Bear has successfully executed direct distribution in the UK with films like Longlegs, Conclave, and The Salt Path. The company also owns Canadian distributor Elevation Pictures.
Strategic Timing
Kramer is expected to assume his role at Black Bear shortly, just in time for the fall festivals and markets, which is promising news for sellers and producers amid a decline in robust U.S. theatrical buyers.
Kramer’s Impressive Background
Having joined CAA in 2005, Kramer spent six years as Co-Head of Media Finance, known for his expertise in packaging, financing, and distributing indie films while advising top producers and financiers on media investments.
Significant Contributions to Film Markets
Under Kramer’s leadership, CAA Media Finance has become the largest supplier of films for both domestic and international markets, brokering numerous significant financing and distribution deals annually. His departure will be closely watched in the independent film sector.
Schwarzman’s Vision
“Today marks a significant milestone for Black Bear, as we enhance our studio’s capabilities from development to release,” stated Schwarzman. “Our U.S. theatrical business will allow us to connect directly with audiences nationwide, who are eager for quality cinema. I am excited for Ben to lead this growth, leveraging his extensive relationships and expertise in the domestic market.”
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Kramer’s Enthusiasm
Kramer expressed his excitement about joining Black Bear during this pivotal time in the industry. “I look forward to connecting exceptional filmmakers with audiences directly,” he said.
Notable Collaborations
During his tenure at CAA, Kramer worked on several Black Bear projects, including Sing Sing, Nyad, and Dumb Money. He also contributed to financing and sales for various high-profile films.
Leadership Structure
Black Bear’s John Friedberg oversees international sales and distribution, while Elevation Pictures is managed by Co-Presidents Laurie May and Noah Segal. Michael Heimler serves as President of Production & Operations.
Upcoming Projects
Black Bear’s future productions include Clint Bentley’s Train Dreams for Netflix and David Mackenzie’s Relay, set for release next month. Other projects in the pipeline feature prominent stars and directors.
Conclusion
Black Bear’s expansion into U.S. theatrical distribution marks a significant step in its growth, aiming to deliver quality films directly to audiences.
