FOR IMMEDIATE RELEASE
Mgm And Sony Pictures Entertainment Partner On 21 Jump Street
LOS ANGELES, CA (May 18, 2011)- MGM will become a financial partner on the upcoming Sony Pictures Entertainment film '21 Jump Street', it was announced today by MGM Co-Chairmen and Chief Executive Officers Gary Barber and Roger Birnbaum and Sony Pictures Chairman and CEO Michael Lynton and Co-Chairman Amy Pascal. Sony will handle marketing and distribution, while MGM will handle select international television licensing for the title.
'21 Jump Street' is part of the recently announced agreement between Sony and MGM to explore co-financing opportunities on future motion pictures produced by each of the respective studios for the next five years. They have most recently partnered on the highly anticipated Bond 23, set for worldwide release on November 9, 2012.
In recent years, the two studios have collaborated on numerous films, including Casino Royale, Quantum of Solace, 21, Yours, Mine and Ours, The Pink Panther, and the summer tent pole Kevin James comedy Zookeeper, which opens nationwide on July 8, 2011.
21 Jump Street is based on the television series, which focused on young cops with youthful appearances who work undercover in high schools and colleges. The film is being directed by Phil Lord and Christopher Miller, from a screenplay by Michael Bacall based on a treatment from Hill and Bacall. Neal H. Moritz will produce the film with Stephen J. Cannell, who will receive posthumous credit. The film is set to be released on March 16, 2012.
ABOUT METRO-GOLDWYN-MAYER STUDIOS INC.
Metro-Goldwyn-Mayer Studios Inc. is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The company owns the world's largest library of modern films, comprising around 4,100 titles. Operating units include Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in domestic and international TV channels reaching over 130 countries. For more information, visit www.mgm.com.
ABOUT SONY PICTURES TELEVISION
Sony Pictures Entertainment (SPE) is a subsidiary of Sony Corporation of America, a subsidiary of Tokyo-based Sony Corporation. SPE's global operations encompass motion picture production and distribution; television production and distribution; home entertainment acquisition and distribution; a global channel network; digital content creation and distribution; operation of studio facilities; development of new entertainment products, services and technologies; and distribution of entertainment in more than 140 countries. Sony Pictures Entertainment can be found on the World Wide Web at http://www.sonypictures.com.
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Senior Vice President, Media Relations